Saudi Arabia has decided not to renew its petrodollar deal with the US. This will enable a host of other payment modes for the gulf country, including cryptocurrencies. The latest development could benefit Bitcoin largely as the US inflation rates could rise unprecedentedly.
Source:
https://coingape.com/bitcoin-news-how-btc-will-benefit-from-end-of-us-saudi-petrodollar-deal/amp/