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Germany has become the first country that legally recognizes the virtual currency bitcoin as a form of money.

China is conducting a two-stage plan against the dollar in an attempt to deprive the U.S. currency's status as world reserve currency, says investment manager Russ Winter. According to the analysis of the blog ZeroHedge, China does not like the hegemony of the dollar as reserve currency: the Bank of China already in 2009 claimed that the domain of a currency in the world carries a high risk of crisis contagion.

The wave of distrust in the dollar intensified after the German Bundesbank demanded the return of the huge quantity of gold stored in the U.S. Federal Reserve, who refuses to do so before 2020.