As of this minute, 17.48 MXN (Mexican Peso) is equal to 1 USD.

1 oz of gold = 32,080 MXN 

1 Bitcoin = 607,095 MXN 

1 pizza = 109 MXN 

About 5 months ago, there was a surge of USD $ that got pumped into the Mexican economy.

This in turn caused the USD to MXN price to drop from 21 to 1 to what we see above.

Back when it happened, the actual USD to MXN went all the way down to 16 to 1 for a few weeks before jumping up to around 17 and a quarter.

Supply had surpassed demand. This is when people started referring to the Mexican money as the SuperPeso. But it was artificial.

Most believe that the USD to MXN price will stabilize around 20 to 1 soon, and seeing that the price has been around 17 to 1 for 3 months now, some are changing their tune.

These same people say that even though the USD is weakening in purchasing power, it won't lose its reserve currency status any time soon.

And I am inclined to agree with this...but not fully.

The point of a reserve currency is for two things.

#1. Help depressed economies who's national currency is worthless...and

#2. Petroleum.

The world depends on Petro and as of now, Russia and a few other nations who use their own currencies to trade, the world needs it to run.

To be free of this currency, we need to be free of the dependence of petroleum.

Many may argue that alternative energies are online and ready to take this job, but very few countries are willing to switch due to how the world actually runs.

We would have to change everything over to electric and to do that we would need world cooperation, and coordination, and countless stations worldwide to run everything.

Now, this isn't impossible, but it isn't easy. And the reason it isn't easy, is because of greed.

Since I don't have the answers as to how this could change quickly, and others are struggling to figure it out as well, it's safe to say, at least for now, the dollar based system we are in may be around, even in digital form, for a while.

I am oversimplifying this because this is a very nuanced subject but the fact remains...

For the next 10 years, at least, even though the purchasing power of the USD is falling, people are still making, and will continue to make, transactions in USD, because it I the only currency available to do so at this time.

Bitcoin will continue to grow, and more and more folks will get in before this next halving, and the next halving in 2028.

The price of BTC may hit an ATH of $200,000 USD by the middle of 2025, and probably stabilize at around $90,000 USD shortly after.

And for Bitcoin to be a world reserve currency, it will need mass adoption before 2028...and this is doable.

I am always optimistic when it comes to Bitcoin, and also a realist when it comes to the world economy.

Thanks as always for reading, and please let me know your objections in the comments below...👇🏻