Quote from: _BlackStar on September 09, 2023, 10:37:13 PM

Quote from: aylabadia05 on September 09, 2023, 12:25:53 PM

~snip~

So far, many countries have depended on the dollar, making the value of the dollar even higher. Inflation has made each country's fiat lose value and dependency has only made matters worse. Dedollarization has been talked about for some time – but is clearly difficult to implement in many countries.

Meanwhile bitcoin is experiencing the impact of economic chaos. Some large investors may agree to invest in bitcoin as a reason to protect their fiat value during inflation - but many others choose a store of value in a different asset. Bitcoin prices are expected to recover gradually as interest increases - but so far there have been no clear signs of price recovery despite rumors of a spot bitcoin ETF being approved.

Many sources depend on the dollar and quite a few are trying to get away from dependence on the dollar or what is known as de-dollarization. At the ASEAN level, they have called for dedollarization and digital transformation as per several local media that I read.
Maybe the cause of the increasing dependence on each country's debt or other causes that I don't really know.

In terms of its relationship to Bitcoin, I also don't want to say too much for various reasons. But I feel that the call for dedollarization and digital transformation at the summit meeting in Indonesia, further strengthens your argument that most investors will use Bitcoin as an investment asset because there is a possibility that they will begin to realize that Bitcoin is the best investment to face various economic upheavals one day. It is getting even stronger with the strong information that a spot bitcoin ETF will soon be approved.