Cryptocurrency News Today TheBitTimes.com

Bitcoin may outlast the US dollar, says crypto asset manager Bitwise, as escalating Trump tariffs on China trigger fears of a breakdown in the global economic order. At the same time, Bridgewater Associates founder Ray Dalio is warning of a “once-in-a-lifetime” breakdown in the world’s monetary and geopolitical order — a shift that could reshape global finance far beyond the trade war. “Higher chance Bitcoin survives over the dollar in our lifetime after today,” wrote Jeff Park, Bitwise’s head of alpha strategies, in an April post on X. “First time the thought hit me and didn’t feel like theory but an actual truth to grapple with.” The comment came after US President Donald Trump raised trade tariffs against China to 104%, escalating his trade war against the world’s second-biggest economy and the rest of the world. Investors Left With Fewer Options Could End Up Buying Bitcoin Bitwise CEO Hunter Horsley echoed Park...

The de-dollarization movement has taken a significant hold in global economics. More and more countries have expressed the desire to move away from the US dollar for trade. The BRICS bloc of nations has particularly taken a strong inclination for national currencies for mutual trade settlements. The developments have put a question mark on the US dollar’s dominance. Also Read: De-dollarization Fails? Analysts Reveal Why the USD Is Unstoppable! Chinese Yuan Spearheading De-Dollarization Source: Gina Sanders / Fotolia via Wodicka The Chinese Communist Party (CCP) has pushed to turn the Yuan into an international currency. to The Chinese Yuan has seen a significant increase in international settlements in the last few years. China’s efforts have further propelled the de-dollarization agenda. According to economist Jin Keyu, “ Trade invoicing in yuan went from zero percent to 30 percent in the last 10 years, and half of Chinese capital flows are now in yuan, much higher th...