BlackRock’s July 2025 report highlights a growing de-dollarization trend fueled by geopolitical tensions, inflation, and reduced trust in U.S. debt. As a result, central banks are increasing their gold reserves, now near 50-year highs. Meanwhile, the U.S. dollar’s share of global reserves has dropped to 46%.
Bitcoin (BTC) is gradually entering reserve discussions. While adoption by central banks remains limited due to its volatility and regulatory uncertainty, interest is rising. Countries like El Salvador and Bhutan have taken the lead in holding Bitcoin, and governments such as the U.S., Texas, and Pakistan are reportedly building strategic Bitcoin reserves. In Europe, the Czech National Bank and Swiss campaigns have considered small allocations.
Bitcoin’s recent price peak at $123,000 (now around $118,000) and over $50 billion in institutional inflows, largely driven by BlackRock’s $80B Bitcoin ETF, show increasing mainstream acceptance. Supportive regulations, such as the U.S. CLARITY Act, and reduced price volatility are helping Bitcoin gain credibility as a hedge asset.
Key Points:
Gold still leads as a reserve asset (20% of global holdings).
Bitcoin is being watched as a decentralized alternative.
Adoption remains cautious but is growing among certain governments.
Institutional support and regulation are strengthening Bitcoin’s long-term