Several countries, including the United States, El Salvador, and the Central African Republic, have already adopted Bitcoin, with some looking to fully embrace it as a global reserve currency due to its low liquidity depth. This adoption has shifted the dynamics of the United States dollar as a global reserve currency, with other countries such as Russia, China, and India looking to break away from it.
The trend of breaking ranks with the US dollar as a trusted trade currency and payment system is now considered irrevocable, with countries beginning to adopt digital assets such as Bitcoin as a global reserve currency. The Russian government has already adopted Bitcoin and other cryptocurrencies for settling crude oil trades amid increased sanctions from the West.
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