Bitcoin positioned as core asset in anti-dollar trade amid de-dollarization debate

Bitcoin is being positioned as a core asset in the "Anti-Dollar Trade" as debate over crypto's impact on the traditional financial system intensified around the 2026 Davos Forum on Feb. 1, Forbes reports. JPMorgan became the first U.S. large bank to issue a dollar deposit token on a public blockchain in November 2025, and while CEO Jamie Dimon has not fully embraced Bitcoin, he has acknowledged that "blockchain is real" and continued to advance blockchain services for institutional clients. Nigel Green, CEO of deVere Group, warned that the dollar's dominance shows structural cracks as recurring fiscal standoffs and partial government shutdown risks threaten over $1.2 trillion in federal spending, undermining institutional stability, fiscal credibility, and policy predictability. Green said a more multipolar currency setup is becoming more realistic, with digital assets joining euros, yen, and some emerging-market currencies in strategic hedging, while global central banks have been lowering dollar reserves and increasing gold and other currencies, and political shocks are accelerating this trend.