Ba Shusong: The rise in Bitcoin and gold prices is closely related to the process of de-dollarization.
Jinse Finance reported that Ba Shusong, Managing Director and Chief China Economist of the Hong Kong Stock Exchange, stated at the 2025 Hong Kong Stock Exchange China Opportunity Forum that the rise in gold and bitcoin prices reflects deep concerns over the declining purchasing power of fiat currencies and is closely related to the process of de-dollarization. The proportion of the US dollar in global reserves has dropped from 60% in 2000 to 41% in 2025. Currently, the total global market value of gold has exceeded 27 trillion US dollars, making it the world's second-largest reserve asset.
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