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🏉 Pascal Bouvier
Managing Partner & Co-Founder, MiddleGame Ventures
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Chilean peso Lebanese £ Bolivian boliviano Euro (Spain, France, Czech) Iraqi dinar Russian ruble Algerian dinar Sudanese £ Hong Kong $ Egyptian £ (and a few i am sure i forget) what do they have in common? all these currencies (& economies) are impacted by mass protests driven by political aspirations, inequality, corruption, push back against elites & status quo. several thoughts: - which country/currency next? these protests seem to be a global phenomenon, even hitting stable countries - impact on $? so far $ is strong. - impact on ¥? seems capital flight from China still occurring? - impact on bitcoin? who the heck knows abt beauty contests. is bitcoin impacted at all? - impact on global stability? growth has to suffer - impact on financial institutions? increased volatility in cap markets means big winners. corporate lending should be hit - impact on politics & economies? setting aside political aspirations (HK) it is hard to see more power concentration & inequality as outcome to these global unrests. so net positive says the optimist. net positive for health of finserv eventually - impact on $ led global fin system? will these protests accelerate splintering of current system & usher a new global system? please weigh in
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