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So, one might pose this question: why is bitcoin so hot in Malaysia?
For starters, the ringgit has been on a losing streak since the US authorities announced a major money laundering and embezzlement investigation into state-owned 1Malaysia Development Bhd, which allegedly laundered about $1 billion of the misappropriated funds through banks in the U.S. The Malaysian ringgit dropped about 2.7% last week - the biggest drop since September - due to the negative press surrounding the international investigation, TheMalayOnline reports. Low oil prices are also having a negative impact on the outlook of the Malaysian economy and currency, as Malaysia is Asia’s only major net oil exporting nation.
For starters, the ringgit has been on a losing streak since the US authorities announced a major money laundering and embezzlement investigation into state-owned 1Malaysia Development Bhd, which allegedly laundered about $1 billion of the misappropriated funds through banks in the U.S. The Malaysian ringgit dropped about 2.7% last week - the biggest drop since September - due to the negative press surrounding the international investigation, TheMalayOnline reports. Low oil prices are also having a negative impact on the outlook of the Malaysian economy and currency, as Malaysia is Asia’s only major net oil exporting nation.
Well ... you know what this means?? .... Nope! U'r wrong! .... I tell you what it means...
The world is sick of the US dollar monopoly game and keeps imposing regulation where they should not have, and they "want to break free!" Meaning, the dollar will be dumped as soon as possible! "Drop it like its hot!" (Good Job Snoop Dog)
Meaning everything pegged to the US dollar will skyrocket in prices! ... And them "poor" americans soon to become actual poor after the devaluation... They will riot and revolt, do more mass shootings, kidnappings, heists, food stores will get closed.... This sounds familiar... Oh wait!... Yes! .. We have that! And we see that happening now in Venezuhela!!!


