List of Flash News about fiat currency diversification
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2025-06-11 09:43 |
Gold Surpasses Euro as #2 Global Reserve Asset: Crypto Market Implications for BTC and Stablecoins
According to Balaji (@balajis), gold has officially overtaken the euro to become the second-largest reserve asset worldwide, trailing only the US dollar. This shift in global reserve preferences could drive increased interest in decentralized assets like Bitcoin (BTC) and stablecoins, as central banks diversify away from fiat currencies. Traders should monitor reserve composition changes, as this trend may influence cross-asset flows between gold, cryptocurrencies, and traditional currencies. Source: Balaji on Twitter (June 11, 2025). |