Dollar loses its crown: why large funds are fleeing to gold and crypto

Oliver Bethe, CEO of Allianz Global, just said out loud what politicians are keeping silent about: the domination of the dollar is coming to an end. And this is not just the opinion of one guy — it is a signal of what has happened in the tower of big capital.

What happened

Allianz, one of the largest asset managers in the world, is actively increasing its gold positions instead of traditional dollar reserves. The reason? Rising financial uncertainty, government debt, and geopolitical risks. Essentially, even institutions that have believed in green paper for centuries now prefer the yellow metal.

Why it is important for crypto

Central banks and large funds are simultaneously transferring reserves from dollars to:

• Gold (classic choice)
• National currencies of developing countries
• Calculations bypassing the dollar (BRICS payments, for example)

And what about Bitcoin? When trust in fiat declines, it is precisely such alternative stores of value as BTC that benefit. History repeats itself every time there is a rise in geopolitical risk or inflation.

Read between the lines

When Allianz ( says that some crypto-bro ) talks about the end of the dollar as a reserve currency - this is not a conspiracy theory. This is the reformatting of the global financial order in real time. Emerging markets are building up their own currencies, central banks are diversifying. The era of the unipolar monetary system is ending.

Result? Volatility in currency markets will only rise. Alternative assets — gold, crypto, nacional currencies — will become more attractive not just for traders, but for serious capital.