It’s not just your imagination, de-dollarization is a trending topic in the market discussion and media headlines. While the narrative may be mostly imaginary, there is some reality to it. The US dollar has been losing its dominance as a global reserve currency for years now, with other currencies, such as the euro and the Chinese yuan making gains. This trend has accelerated due to geopolitical tensions between major economies such as China and the United States that have caused investors to seek out alternatives for their investments.
In addition, central banks around the world are diversifying their reserves away from dollars into other currencies or gold instead of holding large amounts of US dollars in reserve anymore. This further weakens its position relative to other currencies on an international level since it reduces demand for dollars which drives down prices over time if left unchecked by governments or private entities buying them up again at higher rates than they were sold at originally.
Finally, more countries are beginning to use alternative payment systems outside of traditional banking networks like cryptocurrencies which could eventually reduce reliance on fiat money altogether depending on how widely adopted these new methods become over time compared with established ones like credit cards and cash payments made through banks directly connected via SWIFT transfers, etc. All these factors combined contribute towards de-dollarization becoming increasingly real rather than just an imaginary concept talked about in financial circles today!
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