De-dollarization trading heats up, with Bitcoin seen as a key variable challenging the dollar system 【De-dollarization trading heats up, with Bitcoin seen as a key variable challenging the dollar system】0x News Report, according to Forbes, amidst the Davos Forum in 2026, market discussions on the impact of cryptocurrencies on traditional financial systems have significantly intensified. Analysts point out that Bitcoin is becoming one of the "Anti-Dollar Trades," reflecting global investors' concerns over U.S. policy uncertainties. JPMorgan Chase CEO Jamie Dimon, who publicly called Bitcoin a "scam" in 2017, has shown a clear shift in stance. In November 2025, JPMorgan became the first major U.S. bank to issue a dollar deposit token on a public blockchain. While Dimon has not fully endorsed Bitcoin, he has acknowledged that "blockchain is real" and continues to promote blockchain services for institutional clients. This trend is seen as paving the way for further development in the crypto industry. Meanwhile, Nigel Green, CEO of deVere Group, warned that the dollar's dominance is showing signs of structural cracks. He pointed out that frequent fiscal standoffs and government shutdown risks in the U.S. are undermining the three pillars that support the dollar as the global reserve currency—system stability, fiscal credibility, and policy predictability. Some current government shutdowns have threatened over trillion in federal spending, intensifying market pricing of U.S. political risks. Green believes that, in this context, a multipolar currency system is becoming more realistic. Besides the euro, yen, and some emerging market currencies, digital assets are also beginning to be included in strategic hedging discussions. Central banks worldwide have been steadily reducing dollar reserves and increasing gold and other currencies, with political shocks accelerating this trend.