You see traders and fund managers from Japan to Germany to Brazil quietly reducing their exposure to U.S. bonds. At the same time, we’re seeing capital leaving the U.S. and moving into gold, Bitcoin, European stocks, even Indian markets. They are signs of a gradual search for new places to park value. And it’s international: look at central banks buying gold, or global companies considering Bitcoin, not because of the “hype” but because it’s not directly controlled by any single government
That's a loud prove that the global markets evolves and do also experiences evolution where uncertainty is speculatively arbitrage and then, more better commodities is discovered.
It's really been too long the world has been depending and heartedly investing on the US treasure bonds and more likely, the hegemonic influence of the US in the global economy hasn't been satisfiable all these while but because there hadn't been a strong contender, that's why every international values were tied on the US treasures all those while.
Bitcoin has been to the global markets and had proven it potentials and in all ramifications, it potential profitablity on investment, decentralizations resisting regulations which not even the US or any authority is in charge of it and it digital form are all safe wise holding more than enough potentials against it regulatory treasures.
So at the juncture of bitcoin benchmark is why nations and institutions now massively embraces the decentralized treasures as the gold and bitcoin for it hedge against inflation since the USD has lot it value and the rest of the countries leveraging on the US decisions on the global market has brought an ease and reliance on the decentralized system.