Bitcoin’s Rise Challenges Dollar Supremacy: New Trade Landscape Emerges

The cryptocurrency world has shaken the established order, with Bitcoin’s rapid adoption impacting international trade and raising concerns about the future of the US dollar’s dominance. Former IMF chief economist Kenneth Rogoff argues that Bitcoin is fueling a global de-dollarization trend by significantly bolstering trade activity in developing countries. This shift towards alternative currencies challenges the traditional role of the US dollar as the cornerstone of global finance, leading to increased scrutiny and debate over its future.