“Where would you put your wealth if not the dollar?”
Chamath’s recent rant on All-In on relativism and the United States’ dominance comes with a blind spot.
In a multi-polar world smart governments will opt for an apolitical money that can’t be weaponized or debased to store wealth; bitcoin.
The last two years have proven that the US will weaponize the dollar as soon as it deems it necessary. No matter how strong the US is relative to all other countries the ability to cut others off from the dollar will force other countries to seek alternatives.
The BRICS+ currency, if it ever materializes, will fail rather quickly. There may be a somewhat stable honeymoon period that lasts for a short while after it launches but trust will erode between those countries over time. Bitcoin is the only answer. There is no alternative.
