Wu Shuo learned that David Duong, Head of Institutional Research at Coinbase, tweeted that the intensification of global trade protectionism and the worsening US twin deficits are shaking the US dollar's status as the world's reserve currency. Value storage assets like Bitcoin and gold are gaining attention. Bitcoin, as a sovereign-neutral asset, is expected to become a supranational unit of account. David Duong believes that the decline in demand for the US dollar may eventually prompt more countries to diversify their international reserves. According to conservative estimates, this trend could bring up to a $1.20 trillion increase in Bitcoin's market capitalization.

Wu Shuo learned that David Duong, Head of Institutional Research at Coinbase, tweeted that the intensification of global trade protectionism and the worsening US twin deficits are shaking the US dollar's status as the reserve currency. Value storage assets such as Bitcoin and gold are receiving increased attention. As a sovereign-neutral asset, Bitcoin is expected to become a supranational accounting unit. David Duong believes that the decline in demand for the US dollar may eventually prompt more countries to diversify their international reserves. According to conservative estimates, this trend could bring up to 1.20 trillion USD in incremental market value for Bitcoin.

David Duong: The Shaking Position of the US Dollar May Bring a $1.20 Trillion Increment to Bitcoin's Market Capitalization