VanEck: Bitcoin is expected to account for 10% of global trade settlements in the context of de-dollarization
Odaily News Matthew Sigel, head of digital asset research at VanEck, published research results showing that the US dollar, yen, pound and euro are depreciating over time, especially in cross-border payments. This shift is because trading bodies are minimizing the potential risks posed by US sanctions and the SWIFT payment system.
Matthew Sigel added that as the demand for neutral payment channels that circumvent dollar sanctions grows, the sovereign adoption of Bitcoin is accelerating this year. He predicts that in the context of de-dollarization, Bitcoin will account for 10% of global international trade settlements, and will push central banks around the world to hold 2.5% of their assets in Bitcoin, ultimately making Bitcoin one of the world's reserve currencies.
