The dollar as a reserve currency staggers why?

The global financial system faces a crossroads. A tariff war led by the United States threatens to start the international trade 1.3 billion dollars, while the dollar, axis of the world economic order, shows signs of vulnerability.

In this scenario, Bitcoin (BTC) is emerging as an option that could be consolidated as a refuge if the devaluation hits.

Larry Fink, CEO from Blackrock, the largest asset manager in the world, raises it: The dollar could give its dominant position against the currency created by Satoshi Nakamoto.

Tariff chaos takes shape

President Donald Trump intensifies his commercial offensive. Yesterday Sunday, March 30, 2025, warned Iran With bombings if you do not negotiate on your nuclear program.

«If they do not make a deal, there will be bombings,» he said, after the rejection of the supreme leader, Ayatolá Ali Jamenei, who ruled out dialogue with his administration for considering him unreasonable.

That same day, Trump pointed to Russia. Expressed being «very angry» For Vladimir Putin’s comments on Ukrainian leadership and threatened tariffs from 25% to 50% about its oil.

The president did not stop there. He confirmed 25% tariffs on all cars manufactured abroad, adding: «I don’t care in the least if manufacturers increase prices.»

On April 2, baptized by him as «Day of Liberation», It will mark the entry into force of tariffs on consumer goods, now extended to «all countries», beyond the initial 10 or 15.

Trump even considers a generalized increase of 20%, saying: «We will see what happens.» This follows increases announced last February against Mexico, Canada and China, reported by cryptootics, in order to protect the US economy, according to the Republican president.

The markets react. The S&P 500, which reached 6,147 points on February 19, has lost 10.5% in six weeks.

Analysts of the Financial Bulletin The Kobeissi Letter highlight that, in four days, 3 billion dollars evaporated. The fall accelerated in March when Trump said that «I wasn’t looking at the market.» Although on March 13 a recovery brought relief, the 25% automotive tariff announced the storm, as can be seen in the graph.

Today, the index returns to correction land, While investors anticipate the headlines Trump delivered this weekend.

Record uncertainty shakes trust

The economic policy «crosses its most uncertain moment,» according to The Kobeissi Letter. The uncertainty index of the United States commercial policy It exceeds 25% the maximum of Trump’s trade warand the 5 -day mobile average of the economic uncertainty index reached 634 in March.

This places it 270 points above the peak of the financial crisis of 2008 and on the maximum of the pandemic in 2020.

For its part, the Barclays Financial Services Company estimates that the imposition of tariffs, Wednesday, It will bring possible reprisals from the European Union (EU) and Mexico since April 3. This whirlwind drives the current fall.

The projected impact amazes: 1.3 billion dollars less in global trade, with a GDP reduction of more than 100 basic points. Although part of this is already «imported in the price», the feeling towards shares collapses, financial specialists say.

However, markets could underestimate the consequences of reprisals, which threaten to redraw the dynamics of international trade.

So why the dollar wobbles? Global trade depends on the dollar for transactions such as oil and goods. If you lose 1.3 billion dollars, less operations will require it, reducing your demand.

Countries such as the EU and Mexico could respond in euros or yuan, dodging the dependence of the dollar. The record uncertainty and the policies of Trump – massive anranceles, threats to Iran— They project instability in the United States, undermining confidence in their currency.

In addition, a commercial contraction limits the surpluses of nations that buy treasure bonds, raising US debt costs and pressing the dollar.

Bitcoin in the eye of the hurricane

In this context, Bitcoin claims attention. Historically, it is called «digital gold» for its crisis performance.

Unlike Fíat currencies, subject to government policies, or S&P 500, exposed to individual decisions, BTC operates in a decentralized network. They do not directly affect tariffs or geopolitical tensions. With only 21 million possible coins, its shortage distinguishes it.

However, the digital currency does not dodge current volatility. Its price fell from its historical maximum of $ 109,300 in January to $ 83,000 in the current day, affected by tariff uncertainty.

Investors migrate to treasure bonds, prioritizing security security. This does not strange: even a shelter asset feels initial panic. But geopolitical conflicts could change the course. If tensions with Iran or Russia climb, Bitcoin could gain traction.

Gold has protected wealth in times of crisis, but Bitcoin replicates that quality, Adding fast and cheap digital transfers.

In a world where tariffs suffocate trade, this advantage favors it. Since its creation, it has reached new maximums, driven by these characteristics. If trust in the dollar falters, Bitcoin could benefit.

Larry Fink and the future of the dollar

Larry Fink, CEO of Blackrock, the world’s largest asset manager, sees the risk. In his annual letter to shareholders, he wrote: «The United States has benefited from the dollar as a reserve currency for decades, but that does not guarantee that it lasts forever. If you do not control your debt and the deficits grow, you could lose that position against digital assets such as Bitcoin.»

Fink recognizes a duality: Decentralized finances accelerate and lower markets, But they could also undermine the economic advantage of the United States if investors prefer bitcoin to the dollar.

Blackrock does not stay in words. In January 2024 he launched the Ishares Bitcoin Trust (Ibit), a Bitcoin ETF in cash that manages 50,000 million dollars today, half retail investors. This success underlines growing interest in currency as a tangible alternative.

In the long term, Bitcoin offers more. Its limit of 21 million BTC ensures scarcity, while its resistance to censorship and its unconfiscable nature make it ideal in crisis.

Governments have seized savings in the past; Bitcoin prevents it by design. In addition, it allows discretion: with adequate measures, a user protects their privacy, something that the Fiat coins do not match.

Bitcoin walks towards a new horizon

The «Day of Liberation» of April 2 will begin a tariff wave, and the responses of the countries the next day could deepen the commercial crisis.

The markets, with the S&P 500 in correction, reflect a feeling in free fall. Although part of uncertainty is discounted, reprisals could surprise.

Here, Bitcoin waits. If the dollar wobbles for a commercial war and geopolitical tensions, the currency could pass from speculation to necessity. I do not predict the end of the dollar, but its supremacy faces a real challenge. While Trump bets on tariffs and threats, Bitcoin proposes a system that does not depend on his words.

The loss of 1.3 billion dollars in global trade not only hits economies; He questions the dollar as the last refuge. In that void, Bitcoin not only survives: I could lead. It’s not about whether the dollar will fall, but how long the world will take to embrace an alternative. And there, in uncertainty, Bitcoin shines as an option that is increasingly distant.

---

Discharge of responsibility: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of cryptootics. The author’s opinion is informatively and under no circumstances constitutes an investment recommendation or financial advice.