Bitwise European Research Director: The weakening of the dollar combined with central banks reducing their holdings of U.S. Treasury bonds is expected to benefit BTC and gold

ChainCatcher news, according to The Block, Bitwise's Head of Research for Europe, André Dragosch, stated that Bitcoin and gold are gaining market attention against the backdrop of a macroeconomic environment suggesting a potential shift in the dominance of the dollar.

As the largest overseas holders of U.S. debt, China and Japan are reducing their holdings of U.S. Treasury bonds, raising concerns about the long-term demand for U.S. government bonds. Dragosch revealed that some foreign central banks have inquired with Bitwise in the U.S. about the possibility of shifting part of their U.S. bond investments to Bitcoin spot ETFs, and the Czech National Bank is also considering similar measures.