Falling DXY part of US financial system’s ‘long-term transition’ — Will Bitcoin continue to shine?

What to know:

• Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system.

• Bitcoin and gold are well-positioned to benefit from de-dollarization.

• Sovereign wealth funds and various nations are already increasing their Bitcoin exposure as the dollar’s global dominance starts to wane.

The weakening of the US dollar (DXY) is no longer headline news. With mounting disruptions across the US economy, a declining greenback has become part of the backdrop.