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It's Sunday, June 11, 20 20203, and this is Markets Daily from CoinDesk.

I'm Adam B. Levine, here again with your weekend story.

On today, show we're digging into one historical perspective on the dollar, its place in the world, and Bitcoin.

And just a reminder, CoinDisc is a new source and does not provide investment advice.

Today's featured story is an opinion piece from David Z. Morris, CoinDisc's chief insights columnist. Our piece today is entitled The Petro Dollar and its Discontents point to Bitcoin's role in the financial

future. Over the past several years, and with accelerating frequency in the past six months,

oil-producing nations like Russia and Saudi Arabia have signaled their intent to break with

the so-called Petro-dollar system. The Petro-dollar system, which emerged starting in roughly

1973, is the nearly uniform

use of U.S. dollars to denominate and often settle worldwide oil trades. Though it's sometimes

mistaken for formal rules-based system, the petra dollar is best understood as one aspect of the

broader role of the dollar as a global reserve currency, and the resulting exorbitant

...