“Remarkable” Bitcoin Growth and CBDCs Threaten the US Dollar: Morgan Stanley

Morgan Stanley head of digital assets, Andrew Peel, warns that A "paradigm change" In THE perception And to use of digital assets could impact WE. dollar leadership.

A "paradigm change" In THE perception And to use of digital assets such as Bitcoin (BTC) And central could threaten THE dominance of THE United States dollar as A global currency, warns Wall Street investment bank Morgan Stanley.

While WE. dollar currency makes up roughly 60% of global stranger exchange reserves, A "paradigm change In THE global perception And to use of digital assets" could challenge USD leadership, wrote Morgan Stanley head of digital assets, Andrew Peel, In A Jan. 12 investment note.

Peel said THE change has NOW has been significantly accelerated by THE DRY approval of A list of place Bitcoin AND F In THE United States, with weekly influx In THE new some products Trim $1.18 billion.

In addition, Peel look at has Bitcoin "outstanding" global adoption on THE pass 15 years as evidence For It is continuous growth, noting that 106 million people around THE world Currently socket THE cryptocurrency And added that there are NOW Bitcoin ATMs In more that 80 country.

In the meantime, other countries' CBDC could Also impact USD dominance, which would be enable fast cross-border Payments without THE need For A common currency, such as THE United States dollar.

“[CBDC] socket THE potential has establish A unified standard For cross-border Payments, which could heel THE addiction on traditional intermediaries as FAST And THE to use of dominant currencies such as THE dollar. »

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