Petrodollar deal falls apart: Will Bitcoin reap the benefits?

- The U.S.-Saudi Petrodollar deal’s non-extension stirs jitters in the global finance markets. - Analysts tip gold and Bitcoin as hedge tools amidst fears that the dollar might fall. Saudi Arabia did not renew its 50-year-old Petrodollar agreement with the United States of America, which expired on the 9th of June, stirring speculation about the potential impact on the global financial system and Bitcoin [BTC]. The Petrodollar deal, set in 1974, assured Saudi Arabia of U.S. military assistance, security, and …