TechFlow news — On May 15, according to a monthly outlook report released by David Duong, Head of Institutional Research at Coinbase, escalating global trade protectionism is reshaping capital flows and challenging the U.S. dollar’s status as the world’s reserve currency. The report指出指出 that the United States faces twin fiscal and current account deficits along with unsustainable debt levels, which could lead to a continued erosion of investor confidence in the dollar’s safe-haven status.
The report argues that amid the evolving monetary landscape, store-of-value assets such as gold and bitcoin have emerged as credible alternatives. In particular, bitcoin, as a sovereign-neutral asset immune to sanctions or capital controls, has the potential to become a supranational unit of account for international trade. If countries begin diversifying their foreign reserves, this could open up a market capitalization growth potential of $1.2 trillion for bitcoin.
