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The growing de-dollarization sentiment has been troubling to the American economic front. The US dollar’s value and prestige have seen a substantial decline over the last decade. China, in particular, has spearheaded the move away from the greenback. The BRICS bloc of nations, in general, has expressed a desire to trade using alternative currencies. But China has single-handedly made significant inroads in this regard. Also Read: PEPE Hits Key Bollinger Zone: Another 20% Rally Incoming? BlackRock CEO Picks US Dollar Replacement Source: DL News While China has made considerable advances for the de-dollarization agenda, the yuan may not be the currency that dethrones the almighty US dollar. According to BlackRock CEO Larry Fink, it’s not the yuan or gold that may replace the US dollar as the global reserve currency, but Bitcoin (BTC). Also Read: Trump Moves to Impose 100% Tariff on All Foreign-Made Films In a recent letter to shareholders, Fink explained why the US dollar...

BRICS is challenging the dominance of the US dollar by spreading the de-dollarization agenda across the globe. The bloc is pushing local currencies for trade and convincing other developing countries to sideline the US dollar. Using local currencies will strengthen their native economies and give them a boost in the forex markets. Amid the BRICS de-dollarization initiative, leading investment bank Morgan Stanley has predicted the future of the US dollar. Also Read: BRICS: Demand For the US Dollar Rises in Foreign Banks Read here to know the sectors in the US that will be affected if BRICS ditches the dollar for trade. The move will make the US dollar lose out on the global supply and demand dynamics and push it into the path of decline. If the US fails to import the dollar, inflation could hit the homeland leading to higher prices for basic necessities. Also Read: BRICS Countries Gain Influence Over G20 BRICS: Morgan Stanley Reveals How the US Dollar Will Survive the Challenges Source:...