How does de-dollarization influence the global demand for cryptocurrencies?

1 answers

• Nov 27, 2021 · 3 years ago
  At BYDFi, we have observed that de-dollarization has a significant impact on the global demand for cryptocurrencies. As countries reduce their reliance on the US dollar, they often seek alternative stores of value, such as cryptocurrencies. This increased demand for cryptocurrencies has led to a surge in trading volumes and price appreciation. Additionally, de-dollarization has also prompted governments and regulatory bodies to take a closer look at cryptocurrencies, leading to increased adoption and acceptance. Overall, de-dollarization has been a driving force behind the growing global demand for cryptocurrencies, and we expect this trend to continue in the future.
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