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Former president of Russia says collapse of global financial system will accelerate crypto adoption

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Dmitry Medvedev, the former President of Russia, believes that a worldwide financial collapse will result in widespread acceptance of cryptocurrencies. He predicts that both the US dollar and the euro will become less influential as reserve currencies.

In a December 26 thread on Twitter, Dmitry Medvedev said the failure of the Bretton Woods monetary control system would cause the financial collapse of the IMF and World Bank. The two currencies currently used as reserves, the euro and the dollar, will cease to exist, and digital fiat currencies will take their place. 

Tron founder Justin sun ultimately agreed with the former President’s position on cryptocurrencies. Justin said crypto adoption is already a reality in China. 

The former President and Deputy Chair of the Security Council of the Russian Federation also predicted that a barrel of oil would go for $150 and gas price would cross the $5000 per 1000 cubic meter mark, 

Another major highlight of Dmitry’s thread is his predictions that the US will experience civil war, leading to the formation of independent states. After the new civil war, Elon Musk, the billionaire CEO of Twitter, will prevail in several states and win the US Presidential Elections. 

Dmitry’s predictions outside the US 

Dmitry claimed that the world’s largest stock markets would shift to Asia. 

He stated that Poland and Hungary would occupy the western regions of Ukraine and the area of Germany and its satellite. This includes the Baltic states, Czechia, Slovakia, the Kyiv Republic, and other countries, resulting in the formation of the Fourth Reich.

The 57-year-old politician also said that the United Kingdom would be joining the European Union and a consecutive war would occur between the Fourth Reich and France. 

Elon Musk, in a swift reaction to Dmitry’s predictions, described them as “the most absurd ever” He added that Medvedev was ignorant of the development of artificial intelligence and clean energy.

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