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.

ChainCatcher news, according to Jinshi reports, UBS Group strategists Bhanu Baweja and others stated that the U.S. bond sell-off since September has clearly exhibited a "slow and steady" characteristic, which "should raise concerns for bond bulls.""Volatility remains low, and while there are concerns, there is no panic," they wrote in the report, warning that "the slow oscillating nature of the sell-off may indicate that it could continue."

ChainCatcher message, Grayscale indicates on platform X that if the federal debt stock increases significantly in the coming years, it believes that overseas investors may reduce their interest in U.S. government bonds and begin to shift from the dollar to other currencies, such as Bitcoin. Bitcoin can be seen as a macro asset, representing an alternative currency system and store of value that competes with the dollar.