Ba Shusong: The rise in bitcoin and gold prices is closely related to the process of de-dollarization
2025-10-23 06:48:32
Ba Shusong, managing director of the Hong Kong Stock Exchange and chief China economist, said at the 2025 Hong Kong Stock Exchange China Opportunity Forum that behind the rise in gold prices and bitcoin prices is a deep concern about the decline in the purchasing power of fiat currencies, which is closely related to the process of de-dollarization. The share of the US dollar in global reserves has dropped from 60% in 2000 to 41% in 2025. At present, the total global market value of gold has exceeded 27 trillion US dollars, making it the second largest reserve asset in the world.
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