HawkInsight

  • Contact Us
  • App
  • English

Coinbase executives: Increased global trade protectionism is reshaping capital flows, and Bitcoin may usher in a US$1.2 trillion market value growth opportunity

According to online reports, according to a monthly outlook report released by David Duong, director of institutional research at Coinbase, intensified global trade protectionism is reshaping capital flows and posing a challenge to the US dollar's status as a global reserve currency. The report pointed out that the United States faces dual fiscal and trade deficits and unsustainable debt problems, which may lead to the continued erosion of investors 'confidence in the safe-haven status of the dollar. The report believes that in the current evolution of the monetary landscape, stored value assets such as gold and Bitcoin have become credible alternatives. In particular, Bitcoin, as a sovereign-neutral asset, is not affected by sanctions or capital controls, and is expected to become a super-sovereign unit of account for international trade. If countries begin to diversify international reserves, it may bring US$1.2 trillion in market value growth for Bitcoin.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More