Coinbase Institutional Research Director: The US dollar's status as a reserve currency faces challenges, and Bitcoin's market value may increase by $1.2 trillion

According to Foresight News, David Duong, Head of Institutional Research at Coinbase, stated that the long-standing status of the US dollar as a global reserve currency is facing challenges. Bitcoin, as a sovereign-neutral asset not subject to sanctions or capital controls, offers a unique value proposition, positioning itself as a viable supranational international trade accounting unit. He believes that the decline in US dollar demand may ultimately lead to more countries achieving international reserve diversification, and based on his conservative estimates, Bitcoin's market capitalization could increase by $1.2 trillion.