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 Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE December Sees Surge in U.S. Private Sector Jobs, Exceeding Forecasts READ MORE WSJ: Interest Rates Are a Distraction; Fed's Asset Holdings Hold Real Power READ MORE "You're Going To See Something More Devastating Than 2000 or 2008" – Mike Maloney READ MORE Will Gold Hit $2,500? Predictions for a Bright 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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