Key Takeaways
CryptoSlate reports that a New York Fed analysis shows a shrinking dollar reserve share does not prove sovereign Bitcoin demand.
According to CryptoSlate, a Sept. 2, 2026 analysis by New York Fed researchers separates currency choices from reserve-size changes, leaving sovereign Bitcoin demand unproven. Linda S. Goldberg, Oliver Hannaoui, and Sneha Parthaparathy reported that the dollar share of global official foreign-exchange reserves fell from 64% at year-end 2015 to 56% at year-end 2025 using IMF COFER data. The research indicates the decline reflected both currency choices and changing reserve sizes.
CryptoSlate notes that this distinction matters because a shrinking dollar share does not establish sovereign demand for Bitcoin or identify diversification's destination. Evidence of sovereign Bitcoin demand would require disclosed allocations, funding sources, executed purchases, and clear reserve classifications. The New York Fed sources do not measure sovereign Bitcoin purchases or estimate a Bitcoin price effect. For example, when the Czech National Bank announced a $1 million digital-asset test portfolio including Bitcoin on Nov. 13, 2025, the purchase was explicitly outside international reserves. Ultimately, a shrinking dollar share supplies none of the required details to confirm sovereign Bitcoin buying.
Source & Fact-Check Note
This report is synthesized from coverage by CryptoSlate. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at CryptoSlate ↗
