Bitcoin is gaining prominence as a key asset in 'anti-dollar trades' amid growing geopolitical uncertainty and concerns over U.S. policies. At the 2026 Davos Forum, discussions intensified around cryptocurrencies' impact on traditional finance. Jamie Dimon, CEO of JPMorgan, who once labeled Bitcoin a 'fraud,' has shifted his stance, with JPMorgan issuing U.S. dollar deposit tokens on a public blockchain in November 2025. Dimon acknowledges blockchain's potential, advancing initiatives for institutional clients.
Nigel Green, CEO of deVere Group, highlighted emerging structural weaknesses in the dollar's dominance, citing U.S. fiscal confrontations and government shutdown risks. The current partial shutdown threatens over $1.2 trillion in federal spending, increasing market concerns over U.S. political risks. Green suggests a multipolar monetary system is becoming more feasible, with digital assets joining the euro, yen, and emerging market currencies in strategic hedging discussions. Central banks are reducing U.S. dollar reserves, favoring gold and other currencies, a trend accelerated by political shocks.
Bitcoin Rises as 'Anti-Dollar Trade' Gains Traction Amid U.S. Policy Concerns
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