Morgan Stanley has raised concerns about the risk of the U.S. dollar losing its dominance, driven by increasing interest in digital assets, including bitcoin. The investment bank highlighted that the U.S. dollar’s dominance is under scrutiny due to evolving geopolitical shifts and growing twin deficits. It noted the recent growth in interest in digital assets, stablecoin volumes, and the potential impact of central bank digital currencies (CBDCs) on the global currency landscape. Morgan Stanley emphasized a clear shift towards reducing dollar-dependency, leading to growing interest in digital currencies such as bitcoin, stablecoins, and CBDCs. (Source: Bitcoin.com)
