Global financial uncertainty is prompting a shift away from the US dollar as a reserve currency, according to Allianz Global CEO Oliver Bäte. Bäte believes that the dollar’s long-standing dominance is under pressure and that gold is emerging as a potential hedge against volatility. [Quote from ChainCatcher about Pross’ comments]** These insights reflect broader trends of institutional investors seeking safe haven assets amid concerns about global economic instability and fiscal debt. [Quote from Allianz Global CEO]** This trend aligns with growing diversification away from dollar-based reserves, as central banks increase gold holdings and explore non-dollar settlement options in international trade, according to analysts. ** [Mention the market implications]**. A potential decline in US dollar confidence could have a significant impact on foreign exchange markets, cryptocurrencies like Bitcoin, and broader global financial systems. Market observers believe that assets like Bitcoin and gold often benefit when trust in fiat currencies erodes or geopolitical risk increases.