Quote from: Alpha Marine on May 25, 2025, 10:47:24 AM

Quote from: cryptomaniac_xxx on May 24, 2025, 03:13:58 AM

I disagree though, I think US dollar is still a safe haven that's why there are a lot of countries still holding it. Of course there is the old and traditional Gold for every nation as it has been proven to be a safe haven specially after the world war that's why governments around the world is accumulating it.

I don't disagree that the dollar is a safe haven. I agree. It still has a lot of trust among nations, but what is happening now is that people are looking for alternatives, just in case. So if people are preparing for an "in case", it means that thing is not as trusted as it used to be. People didn't really care about alternatives before; it was gold and the US dollars, but now, people are looking for more because what they're used to may not be enough.

I'm one of those who believe that the US dollar will be a strong and an international trade currency for a long time, ll the talks of de-dollarisation won't change much because what they offer is not better than the dollar, but the point is, now, people want other things, people want alternatives, just in case.

Nations around the world has been looking for alternatives for decades though and wanting to challenge the dollar, and we have some alternatives like, Gold. And obviously we have Bitcoin as well.

However, we all know that BRICS is "trying" very hard but to no avail. Even Chinese Yuan too. So although they are looking for alternatives, I don't think that in the next 20-30 years, there will be de-dolarization. As long as the US is going to be the biggest country, their dollar will remain on top even if there are alternatives that might sound viable, but they are not yet proven. Maybe we can say Bitcoin, as it is used during Covid-19, but it you look at it, US is also dominating in this category.