According to ChainCatcher, BitGo CEO Mike Belshe posted on X platform that when the market mentions "monopoly abuse" in terms of currency, it refers to the sanctions control by the United States. Tariffs are not monopoly abuse, and all countries can use tariffs. Sanctions block trade between non-US countries.
Currently, there are only three viable currencies in global trade: the US dollar, gold, and Bit. Due to the threat of sanctions, the US dollar will become impractical, gold is difficult to convert physically, and Bit is easier to understand. However, Bit has not yet won enough trust, so the market is still proceeding cautiously.
