https://pbs.twimg.com/media/GPLgAUjWYAApXQ8?format=jpg&name=medium
(i know most discussion about De-Dollarization is more focused on reserves. But I still feel like the decline of Europes economic influence is the far more unambiguously true)
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Interesting chart. Are there any explanations to what caused the sudden eur drop over the last 2 years?
It coincides with dollar rising in value, euro falling in value.
Just insane how in the beginning of the chart, it's even higher than USD at one point, this is almost a 50% drop in a decade.
The fear of de-dollarisation is also overstated.
The problem with countries selling are more because they need to pump up their own currencies
I think that the early decline coincides with the introduction of the Single European Payment Area.
This might explain their rising distaste for bitcoin