Telegram Founder Believes Bitcoin Will Undermine US Hegemony

A Russian Sputnik news article reported Telegram and Vkontakte founder hopes bitcoin will undermine US hegemony. Further, he believes the cryptocurrencies have the power to reshape the global finance system and escape US monetary control.

Telegram Founder Praises Bitcoin for Changing the Financial Paradigm

According to the site, the founder, Pavel Durov, said: “For the first time in 70 years, the global financial system has a chance to escape from the hegemony of the United States, which imposed its national currency as a reserve on the whole world and since then, in fact, has been collecting tribute from all the countries paying its debts with endlessly printed dollars and buying assets worldwide with them.”

In other words, central planners print money at will and earn profits from manipulating the currency supply. Bitcoin changes this dynamic by introducing

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