It's interesting to see an increasing number of people talk about "hating the US". It's as if they've realized the nature of the US regime that they are starting to hate it themselves
In any case when it comes to the dollar, what such people forget is that it's just a tool and as a tool it had its advantages and disadvantages. At some point it becomes more convenient to use another tool because the disadvantages of the dollar outweigh its advantages and the new tool is the opposite.
It's just that simple.
Let me translate that into a Bitcoin related situation.
Centralized exchanges are a tool. They have loads of disadvantages to use (eg. they get hacked all the time, they change rules and shut down your account, they ask for KYC then sell your documents on dark web, etc.) but people use them as long as there is no alternative. Not because they like CEX and not because CEX is good.
The moment an alternative is introduced, they'll make that switch. Like for example when a good DEX like Bisq grows. They don't switch to it because they "hated" CEX but because it had its disadvantages and they didn't want to endure anymore.
It's the same with dollar. And "ditching the dollar" or dedollarisation is not something we speculate about. It's been happening for a couple of years now and will continue as the world reduces its reliance on the dollar.
For all the angst over the dollar’s dominance
LOL I love how these propaganda outlets desperately create false narratives
There has never been any anger toward dollar's dominance. If there is any it is toward US regime's policies that like a global "bully" dictates things to other countries that hurt their society.
Money-flow is interesting, It shows where the capital feels safe.
You should watch the altcoin market, it gives very valuable life and economy lessons.
For example one thing you'll notice in the altcoin market is that whenever a completely useless shitcoin is being pumped, it attracts a lot of capital. The volume sometimes shoots up to the moon. That doesn't mean people felt safe in that useless shitcoin that led them to buying it. It just shows they saw a way to make some profit and they took that opportunity. They'll abandon that shitcoin (aka dump it) the moment that profit opportunity goes away (ie. interest rates come down)