VanEck: Bitcoin is expected to account for 10% of global trade settlements in the context of de-dollarization

Planet News: VanEck's digital asset research director Matthew Sigel revealed research findings showing that the US dollar, Japanese yen, British pound, and euro are continuously depreciating over time, especially in cross-border payments. This shift is occurring because trade systems are minimizing potential risks associated with US sanctions and the SWIFT payment system. Matthew Sigel added that as the demand for neutral payment channels to circumvent US dollar sanctions grows, Bitcoin's sovereign adoption 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 drive central banks to hold 2.5% of their assets in Bitcoin settlements, ultimately making Bitcoin one of the world's reserve currencies. (Beincrypto)