Morgan Stanley: Bitcoin Could "De-Dollarize" the World Morgan Stanley’s recent report, “Digital (De)Dollarization?”, suggests that the U.S. dollar’s global supremacy is at risk due to the rise of Bitcoin and the emergence of Central Bank Digital Currencies (CBDCs). Despite the U.S. contributing about 25% to the global GDP, the dollar accounts for nearly 60% of global foreign exchange reserves. However, this dominance is challenged by the U.S.’s increasing twin deficits and economic sanctions, leading nations to explore alternatives to the dollar. The EU and China are promoting the euro and yuan, respectively, in international trade, while the BRICS nations are developing non-dollar trade methods. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Reaches $85 for the First Time Since October READ MORE Crude Oil's Upward Momentum Stalls Amid Signs of Overbought Market READ MORE Heraeus Outlines Four Bullish Indicators for Gold's 2024 Outlook READ MORE Southeast Asian Consumers Turn to Gold as Economic Shield READ MORE U.S. Job Openings Decline in November, Indicating Labor Market Shift READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment