While the US dollar maintains its leadership as the currency used in international payments, Bitcoin (BTC) has begun to take over the share of investment instruments such as stocks.
Although the global use of Bitcoin has increased, current data revealed that the dollar still maintains its leadership. French banking giant Credit Agricole In a note he recently shared with his customers, Bitcoin’s share of international transactions reaches decade-high in 2023 but The dollar maintains its leadership in international payments emphasized.
On the other hand, the bank stated that US government bonds remained stable at the point of attracting global investors. Bitcoin is not yet a rival to the dollar globally however has taken a significant share of investment instruments such as stocks he pointed out. The bank’s note said Bitcoin supporters “A world without dollars“your dream is still alive” so far away revealed that it is.
dollar in 2023 SWIFT virtually crushing fiat currencies such as Euro and GBP in its transactions reached its peak Stating that Credit Agricole continued its statement, it included the following statements:
The share of the dollar in international SWIFT transactions increased in 2023, reaching its highest level in the last decade. In contrast, the share of the EUR fell and the share of the JPY and GBP remained moderate. The growing importance of the USD as the currency of choice for international payments and transactions is another reason for global official and private investors to purchase the currency.