Join the Non-KYC Bitcoin Live Class:https://www.bitcoinuniversity.com/joinGet a channel membership:https://www.youtube.com/@Bitcoin_University/joinIn this video, I elaborate on yesterday's video, demonstrating how the US-Saudi petrodollar deal was not a legal agreement with an expiration date, but rather a global consensus that has been unravelling over the past few years, as nation-states begin to trade in crude oil using rupees, rubles, yuan, and gold as payment.The end result of this unravelling is that there will be fewer nation-state, central bank, and corporate holders of USD and US Treasuries, which puts pressure on the Fed to make up the difference. This has inflationary consequences, but is good news for Bitcoin's fiat price.I also discuss how holding Bitcoin ETFs instead of real BTC puts you at a huge disadvantage when it comes to self-custody and censorship-resistant payments.Not investment advice! Consult a financial advisor.Free Bitcoin videos:https://www.bitcoinuniversity.com/courses/80320-free-bitcoin-videosDeath Of The Petrodollar:https://www.youtube.com/watch?v=sOpKxg_usg8&ab_channel=BitcoinUniversityExclusive: India's Reliance to buy Russian oil in roubles, sources say:https://www.reuters.com/markets/commodities/indias-reliance-buy-russian-oil-roubles-sources-say-2024-05-28/UAE dirham:https://en.wikipedia.org/wiki/United_Arab_Emirates_dirhamChina-Saudi Sign $7bn Currency Swap Deal in Fresh Hit to Dollar:https://www.asiafinancial.com/china-saudi-sign-7bn-currency-swap-deal-in-fresh-hit-to-dollarChinese yuan gains currency in the Gulf states:https://eastasiaforum.org/2024/01/17/chinese-yuan-gains-currency-in-the-gulf-states/China’s largest oil supplier in 2023 was Russia:https://www.cnn.com/2024/01/22/business/china-top-oil-supplier-2023-russia-intl-hnk/index.html I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #oil #fed Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=HP2GsYc_meM