What Could Global De-Dollarization Mean for Crypto Market Positions?
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In theory, cryptocurrencies exhibit the qualities of a reserve asset. Still, many also argue the possibility of this happening soon is slim, mainly due to factors like volatility, regulatory limitations, and the need for more stability.
However, de-dollarization marks the beginning of substituting the U.S. dollar for other alternatives. Whatever fraction of liquidity gets directed at cryptocurrencies could result in more price pumps in years to come. In addition, the more these digital assets are seen as viable commodities, the more they will become less volatile.
This also means digital assets could have a shot at a more welcoming ecosystem, signaling positivity and stability for the crypto community.