De-Dollarization Moving Central Banks To Other Assets: BlackRock
Cointelegraph has shared a BlackRock report that highlights how de-dollarization is pushing central bank reserves to other assets. The graph shows that US dollar reserves for global central banks have seen a steady decline since 1998. On the other hand, central banks seem to have significantly increased their gold reserves and other currencies. The report states that central banks are “ diversifying beyond the dollar, leading to a rise in other currency reserves, gold holdings, and consideration for emerging assets like Bitcoin. “ Source: Cointelegraph BlackRock’s Stance On De-Dollarization Source: Freepik The report shared by Cointelegraph is not the first instance of BlackRock’s cautious stance on the fading luster of the US dollar. In a letter to shareholders, Larry Fink, CEO of the world’s largest asset manager, stated how the US dollar will not remain the global reserve forever. Fink highlighted how the US debt can potentially lead to nations ditching ...