Yes, probably. This isn't a straight forward analysis. One needs to study the evolution of central banking and the different types of reserve currencies in order to come up with a probable answer. All "backed reserve currencies" in central bank monetary systems need a reserve that either has a very stable value and that you to some extent can control the value of, such as gold and treasuries. And then thet inflate on top of the reserve. If they don't inflate there's no point, you can just as well close down the central bank. The value of bitcoin is probably impossible to control in many decades ahead of us. And then it doesn't make any sense to try to inflate on top of bitcoin reserves. If country A does that, and country B decides to give fuck o and close down its central bank and opt for monetary freedom, all capital will drain from country A and flush into country B. I didn't write about that in #Fraudcoin, but the book facilitates such an analysis.