Considering the fact that bitcoin price is doing what it has been doing for months which is to go up and down between $110k and $120k, and is currently $114k despite all other markets dumping, I wouldn't use the term "crash" for bitcoin.
In any case, we have entered a new world that is ordered a couple of years ago. However, the rogue US regime does not want to accept it which is why they are causing this much disruption in the world and is waging a war against literally everyone else. But the world is now retaliating.
We've seen this everywhere as well, from responds by the regime's neighbors like Canada, Greenland, Mexico, Panama, etc. all the way to the China, Iran, and so on. All these retaliation is showing us how weak the US regime and its economy has always been. Which is why their markets are crashing these days.
The world is entering a transition phase toward a multipolar order, where the US's dominance as the sole post-Cold War hegemon is beginning to falter. This shift is not sudden, but rather the result of global de-dollarization, particularly by the BRICS+, which is seeking to reduce dependence on the US dollar. The economic rise of China and East Asia, which are now the world's manufacturing and technology hubs. Domestic socio-economic tensions within the US are weakening its moral and political legitimacy on the global stage. While the US still possesses military, financial, and cultural superiority, the tide of history is shifting. A new, more economically decentralized world is taking shape, with the center of gravity of economic power shifting to the East and the global South.
Some of the US's weaknesses include: over-financialization: an economy overly reliant on the financial sector rather than production, as evidenced by high national debt and a widening fiscal deficit. Deindustrialization due to the relocation of factories to Asia since the 1990s, as well as post-COVID structural inflation, fueled by quantitative easing and global energy costs. Furthermore, the dollar's dominance is beginning to be challenged. Countries such as China, Russia, Brazil, Saudi Arabia, and Iran have increased bilateral trade in local currencies, while global dollar reserves have declined, indicating an erosion of confidence in the dollar as the sole global safe haven. Finally, the US is now facing a political identity crisis, with extreme polarization between liberal-globalist and nationalist-conservative groups. Social instability, rising crime, and declining public participation in democratic institutions are all contributing to the US's ability to lead morally and diplomatically.
The so-called global retaliation against the US is actually a systemic reaction to the financial monopoly that has persisted for 80 years since Bretton Woods in 1944. The US created a global system centered on the dollar as an economic weapon, SWIFT as a means of transaction control, and the IMF and World Bank as an instrument of policy pressure. Now, non-Western countries are realizing that dependence on this system makes them vulnerable to sanctions and manipulation. This has led to a collective movement to deconstruct the dollar-based global system, which is now mainstream in a multipolar world.
US neighbors (Canada, Mexico, and Panama) are beginning to renegotiate their positions, while Canada is developing closer economic ties with Asia, particularly China and ASEAN. Mexico, on the one hand, benefits from nearshoring, but also strengthens its bargaining position against the US due to the labor and immigration crises. Panama is expanding port and financial cooperation with China, strategically undermining US control over global trade channels. While the bold rebel trio (China, Russia, and Iran) are the main axis challenging US dominance, China is leading the Belt and Road Initiative (BRI) geoeconomic project, expanding its economic influence across over 150 countries. Russia is challenging the Western financial system through its energy strategy and the BRICS.
Iran is building a new Middle Eastern alliance with Saudi Arabia and China, weakening US control over global oil. Together, they are fostering the emergence of an alternative economic ecosystem with new currencies, new logistics networks, and non-Western financial institutions.
US financial markets have also exhibited symptoms difficult to ignore in the past two years, with high volatility in the stock and bond markets. The 10-year Treasury yield has risen sharply, signaling significant pressure on public debt. Furthermore, people's purchasing power is declining amid inflation and high living costs. Global investors are beginning to diversify assets outside the US, particularly into gold, bitcoin, and real assets (land, strategic commodities). This reflects declining confidence in the security of the American economy.
The US will not collapse overnight; its power remains substantial, but signs of imperial decline are clear. Moral legitimacy is declining, economic control is being shaken, and a global anti-hegemonic coalition is growing rapidly. The world is now engaged in a hybrid geoeconomic war, not just of weapons, but also of currencies, energy, data, and narratives. The US now plays a role as a power trying to maintain the status quo, while the world moves towards a new, more distributed and perhaps more equitable global economic structure.
Bitcoin's role in the current global shift is as a symbol of resistance to the US financial system. Since its inception in 2009, Bitcoin emerged immediately after the global financial crisis triggered by major US banks (Lehman Brothers, etc.). This was no coincidence, but rather an ideological response to the corruption of the global monetary system.
"The root problem with conventional currency is all the trust that's required." — Satoshi Nakamoto
The dollar system is based on trust in the US government and central bank. Bitcoin, on the other hand, is based on algorithms, transparency, and decentralization. Therefore, Bitcoin is not just new money but also an economic protest against the US financial monopoly and the global banking cartel. In this global power shift, Bitcoin operates at three geoeconomic levels:
- monetarily, the US uses the dollar and the SWIFT system as geopolitical weapons. Bitcoin removes these controls; cross-border transactions cannot be censored, even by Washington. Therefore, Bitcoin is interpreted as threatening US financial weapons, such as freezing assets of countries that do not comply, and blocking banks and individuals from the global system. Bitcoin bypasses these channels. With nodes spread across the globe, there is no central control.
Ideologically, the dollar system rests on trust in central institutions: the Fed, the IMF, and Wall Street, while Bitcoin offers distributed trust, trust in code, not government. This challenges the core philosophy of US-style global capitalism, which states that wealth, liquidity, and financial access must be mediated by a central authority. Therefore, it could be said that behind blockchain technology, Bitcoin carries an anti-hegemonic narrative that aligns with the spirit of a multipolar global economy.
Strategically, in the context of currency and energy wars, Bitcoin serves as a neutral strategic asset. Countries or individuals who distrust the dollar system now have an alternative reserve of energy and value that cannot be blocked, cannot be manipulated, and is not subject to the policies of the Fed. This is why Bitcoin is increasingly seen not simply as an investment, but as a means of economic sovereignty for both countries and individuals.
Even the global elite cannot ignore Bitcoin. The global elite is divided into two camps: the old camp (the fiat establishment) and the new camp (the digital sovereignty movement), which sees Bitcoin as the foundation of an alternative monetary system, uncontrolled by any single country. This raises a major question: Will Bitcoin be tamed into an instrument of the old system, or will it become the foundation of a new global economy free from dollar hegemony?
The dollar system is like an old sun beginning to dim, while Bitcoin is a new star beginning to shine in the global economic galaxy. Although small, its gravity grows every year. And when the old star collapses into a black hole of debt and inflation, Bitcoin may become the center of a new economic orbit free from a single power.
