Gold Demand as Global Reserve Rises Fueled By Digitization: Is Bitcoin Next?

The demand for Gold as a global reserve currency has surged in the past year. The BRICS nations, led by China and Russia, have been accumulating more gold for their reserves amid their ongoing push for dedollarization.

Gold has gradually increased its share as a global reserve currency, whereby its share rose by 3% during the first quarter of 2025 to around 24%, the highest in 30 years. Meanwhile, the U.S. dollar declined its share as the global reserve currency by 2% during the 1st quarter of 2025 to about 42%, the lowest since the 1990s.

Meanwhile, Gold surpassed the Euro in 2024 to become the second-largest global reserve asset. The dam and for Gold as global reserve currency has been bolstered by the ongoing digitization, especially on blockchain technology. According to market data from CoinGecko, tokenized gold has a valuation of about $2.59 billion and a 24 hour average trading volume of around $492 million, led by Tether Gold (XAUT) and PAX Gold (PAXG)....

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