Fidelity says more nations are seeking alternatives like Bitcoin to bypass the US dollar

An increasing number of countries are looking to assets like Bitcoin and gold as alternative payment systems to move beyond the control of the U.S. dollar system, according to Fidelity Digital Assets, the crypto-focused unit of the global asset manager. Cointelegraph reports that Fidelity views recent developments—such as the Iranian government's adoption of Bitcoin for maritime insurance payments for ships in the Strait of Hormuz and the growing share of gold in central bank reserves surpassing the U.S. dollar—as signs of a shift away from the dollar-based framework. However, Fidelity added that while the sustained demand for gold from central banks aligns with its initial forecasts, a corresponding significant rise in Bitcoin has not yet occurred.