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Coinbase CEO Reveals Shock U.S. Dollar Prediction As Bitcoin Price Smashes $40,000, Helping Ethereum, XRP And Crypto Soar - FORBES
Bitcoin BTC 0.0% has suddenly surged higher over the last week, rocketing over $40,000 as analysts reveal when a Wall Street earthquake could hit the crypto market.
The bitcoin price has added around 170% since this time last year, helping the price of other major cryptocurrencies including ethereum and XRP XRP 0.0% to soar, as China and Federal Reserve gear up for what some expect to be a huge round of fresh money-printing.
Now, as fears emerge that U.S. dollar dominance is facing "a crypto-yuan hostile takeover" from China, the chief executive of crypto exchange Coinbase COIN -0.6>#/span### has predicted bitcoin will be "the key to extending western civilization" as the U.S. continues to inflate the dollar.
