Morgan Stanley: The U.S. dollar may lose its dominance as cryptocurrencies change the currency landscape

Morgan Stanley has said that due to increasing interest in digital assets, including Bitcoin, the US dollar may lose its dominant position.The investment bank emphasized that the US dollar's dominant position "is increasingly under scrutiny" and stated: "Reducing dependence on the US dollar is obvious, while stimulating interest in digital currencies such as Bitcoin, stablecoins, and CBDCs."