The rise of #Bitcoin❗️ to the position of the world's largest financial asset has devastating impacts on the dollar.
Bitcoin ($BTC ) could usher in a new era in the global financial market by surpassing traditional assets such as gold and shares of technology giants, consolidating itself as the most traded asset on the planet. This historic milestone is causing profound changes, especially in the stability of the US dollar and in the future of so-called "memecoins", such as Dogecoin (#Doge. ) and Shiba Inu (#SHİB ).
The decline of the dollar?
Economic analysts warn of imminent risks to the dollar as the world's main reserve currency. With the growing acceptance of #Bitcoin❗ by large companies and even countries, the dollar could face a significant loss of relevance. The adoption of a decentralized currency like $BTC in international transactions could reduce the dependence of governments and companies on the traditional financial system, weakening the United States' power of influence.
“If #BitcoinForever continues at this pace, the dollar will face unprecedented pressure. Countries may begin to diversify their reserves, opting for cryptocurrencies as an alternative to fiat currencies,” says a financial market expert.
This transition could generate economic instability, with sharper inflation in countries dependent on the dollar, in addition to causing the restructuring of global monetary policies.
The uncertain future of memecoins
While $BTC rises to the top, memecoins, known for their "hype" appeal and for moving online communities, could suffer serious impacts. The rise of BTC tends to bring greater regulation to the crypto market, which could harm tokens without practical utility or solid economic foundation.
However, some memecoins with strong communities or that invest in innovative use cases may survive.