Arthur Hayes: The era of the dollar is over, gold and Bitcoin will dominate global trade
Odaily Planet Daily reports that Arthur Hayes has posted on the X platform stating that the era of U.S. Treasury bonds and stocks as global reserve assets is over. He mentioned that since Nixon decoupled the dollar from gold in 1971, US national debt has surged 85 times. If the current US account deficit is eliminated, foreign buyers will no longer buy US bonds and stocks, which may push gold and bitcoin to become new global reserve assets.
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