Perhaps we should not be so concerned over the #dedollarization trend as much as try to understand how much 'dollar holders' have to lose by holding on to the 'cleanest dirty shirt in the hamper' in the case that the status quo persists for some time, say for 5-10 years more.

For example... At best, t-bills, the highest yielding, lowest risk dollar-denominated asset, currently net you a -1% real yield.

At worst, they net you closer to -10% real, using the 1980 CPI methodology (H/T: shadowstats).

It is for this reason that I recommend to anyone listening to consider hard assets and a focus on wealth preservation above all else. Monetary and fiscal authorities have led us to the slaughter. It's time to opt out of their game. My top recommendations for 'getaway cars' are: bitcoin, gold and cash-flowing real estate. (All hard assets, in scarce supply, that are difficult or costly for the state to confiscate.)

Imagine you held a bit of each, in equal proportions. Perhaps you best inflation to the tune of positive 10% real yield with this mix. If your goal is wealth preservation, then you merely need to convert half of your cash into said hard assets in order to nullify the -10% real yield of cash. (For those more risk tolerant, consider 60/40 hard/fiat, or higher.)