The US dollar loses its status as a reserve currency: How will Bitcoin be affected?

What does this mean for Bitcoin and cryptocurrencies?

The decline of the dollar as a global reserve currency has implications for Bitcoin and the broader cryptocurrency market. As confidence in fiat currencies erodes and gold returns as the preferred reserve for nation-states, 'digital gold' is likely to emerge as a more practical and modern alternative.

With the pace of Bitcoin adoption accelerating amidst the dollar's decline and ongoing inflation, cryptocurrencies are now widely viewed as a hedge against currency devaluation, especially in countries facing economic instability.