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Bitcoin (BTC) Growth Is Essential to Maintain USD Dominance over Digital Yuan. Here’s Why

Multiple industry reports suggest that China’s CBDC Developments over the long term can eclipse the USD dominance in global trade. It is true that China is developing its Digital Yuan to reduce the dependence on the USD, however, thinking that it will dominate over USD could be an overstatement. Bloomberg’s Senior Commodity Strategist Mike McGlone

Multiple industry reports suggest that China’s CBDC Developments over the long term can eclipse the USD dominance in global trade. It is true that China is developing its Digital Yuan to reduce the dependence on the USD, however, thinking that it will dominate over USD could be an overstatement. Bloomberg’s Senior Commodity Strategist Mike McGlone