When you’re broke, you have no choice but to play it safe—because taking risks gets you killed faster (grind in silence, level up quietly). And if you lack natural talent, you won’t even know where to start trying to make it on your own.
When everyone realizes that others also have no choice, they tend to bid up prices to secure the last available resources.
Well-summarized article. It analyzes de-dollarization and the internationalization of the renminbi from multiple angles. With big players staying so rational, it’s clear that the RMB replacing the USD is just a matter of time.