The greenback's share of world reserves is dropping steadily. The euro, yuan and bitcoin are all in the running to pick up the slack.
The dollar and its fiat family cannot say the same.
One policy maker says China is unlikely to use bitcoin as a financial weapon against the U.S. dollar.
With bitcoin back in the spotlight, so are old fears that China may be at the reins.
The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.
"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.
Data and headlines on bitcoin's use in commerce point to an attribute that sets it apart from the yellow metal.
Bitcoin has already passed the $68,000 mark in Nigeria, but that’s if you use the official exchange rate. Awosika Ayodeji, a Nigerian blockchain project designer, isn’t complaining. He is happy to wake up and see bitcoin prices quoted using unofficial U.S. dollar exchange rates because it means he’d be getting more naira per dollar when […]
Analysts say the market is pricing in the potential for other corporate BTC investments.
Analysts cautioned that a stronger dollar could play spoilsport to any new push higher.
Bitcoin's crash Monday came alongside a bounce in the Dollar Index.
A continued decline in the U.S. dollar and rising inflation expectations support bitcoin's long-term bullish case as a hedge asset.
Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months.
With the U.S. dollar eyeing a pre-election recovery, the path of least resistance for bitcoin may be to the downside.
Crypto-dollarization is the world's next best hope to meet its insatiable demand for U.S. dollars.