The de-dollarization process, which refers to the decline of the US dollar as the world's dominant reserved currency, is gaining momentum. For more than a century, the US dollar has been the primary foreign currency held by central banks for international transactions and settling international debt. However, the dollar's dominance in countries' reserves has decreased from 70% to under 60% in the last two decades, according to the International Monetary Fund. This trend has accelerated since last year, when the US and its allies froze Russia's dollar reserve in response to its invasion of Ukraine, prompting several countries to seek alternatives to the US dollar. Some are considering creating new currencies for international trade, while others are diversifying their reserves by purchasing more gold. Bitcoin (BTC), a nascent asset with many of the characteristics of gold, may also benefit from this trend in the long run. To learn more about the causes and implications of the US dollar's decline and the assets that will benefit from it, watch the latest Cointelegraph Report on our YouTube channel and don't forget to subscribe!