Global financial services firm Jefferies has warned of “the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of bitcoin.” He explained that the Federal Reserve, and other G7 central banks, “will not be able to exit from unconventional monetary policy in a benign manner and will ultimately remain committed to ongoing central bank balance-sheet expansion in one form or another.” Bitcoin to Benefit From US Dollar Collapse, Analyst Says Global investment bank Jefferies has cautioned about the potential collapse of the U.S. dollar, which could prove advantageous for bitcoin holders. Jefferies is a leading global, full-service investment banking and capital markets firm headquartered in the U.S. The firm operates across the Americas, Europe, the Middle East, and Asia Pacific. In a note to investors published Wednesday, Chris Wood, Global Head of Equity Strategy at Jefferies, called bitcoin and gold “critical hedges” against currency de
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