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Coinbase User Data Leak: Hackers Demand $20 Million Ransom
Original title: Monthly Outlook: Dethroning the Dollar
Original author: David Duong, CFA - Global Head of Research
Original translation by: Daisy, ChainCatcher
Editor's Note: This article is based on the latest monthly outlook research report released by Coinbase. The report indicates that as the U.S. 'twin deficits' continue to expand and trade protectionism intensifies, market confidence in the dollar is continuously weakening, and a large-scale restructuring of asset portfolios may be on the horizon globally. In this context, Bitcoin, due to its sovereign neutrality and lack of capital controls, is increasingly being regarded by more and more countries as a potential supranational reserve asset. According to the report's conservative estimates, if the global reserve system gradually incorporates Bitcoin, its total market value is expected to increase by about $1.2 trillion. The following content is a compilation and translation of the report's key points.
Original author: David Duong, CFA - Global Head of Research
Original translation by: Daisy, ChainCatcher
Editor's Note: This article is based on the latest monthly outlook research report released by Coinbase. The report indicates that as the U.S. 'twin deficits' continue to expand and trade protectionism intensifies, market confidence in the dollar is continuously weakening, and a large-scale restructuring of asset portfolios may be on the horizon globally. In this context, Bitcoin, due to its sovereign neutrality and lack of capital controls, is increasingly being regarded by more and more countries as a potential supranational reserve asset. According to the report's conservative estimates, if the global reserve system gradually incorporates Bitcoin, its total market value is expected to increase by about $1.2 trillion. The following content is a compilation and translation of the report's key points.
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