@HenrikG 193013 wrote:
Yea that was the question, but the main idea to get Euro as the base currency was to avoid the drop in value of USD, if all the players play in USD and all revenue is calculated in USD and then converted to Euros it doesnt really matter, since they will still loose on the decreasing value of the USD vs other currencies.
If they just want Euros but dont care about the dropping value they might just as well open up a Euro bank account and get all their payments there, then if someone pays in USD or any other currencies it would still be converted to Euros by the bank.
right?
technically you are right, but my reasons are different. if you are intending on spending money as it arrives, then it doesn’t matter whether its in usd or euros. if you are planning to put money aside, it makes more sense to do that in euros as the USD will soon collapse like there is no tomorrow. US has a massive debt. it keeps on bailing out companies by printing more money which essentially dilutes the value of the current dollar.
i don’t want to be hostage to american domestic populism. just hedging my bets…