VanEck: It is expected that under the background of de-dollarization, Bitcoin's share in global trade settlement will rise to 10%

Matthew Sigel, Head of Digital Asset Research at VanEck, announced research results showing that the US dollar, Japanese yen, British pound and euro are continuously depreciating over time, especially in cross-border payments. This shift is due to trade bodies minimizing potential risks brought by US sanctions and the SWIFT payment system. Sigel added that with the growing demand for neutral payment channels to evade dollar sanctions, Bitcoin's sovereign adoption is accelerating this year. He predicts that under the backdrop of de-dollarization, Bitcoin's share in global international trade settlements will reach 10%, and it will drive central banks around the world to settle 2.5% of their assets in Bitcoin, ultimately making Bitcoin one of the world reserve currencies. (Beincrypto)