Russia and China realize this.
Which is why you can expect attacks on USD reserve status to continue.
The more we approach direct conflict, the greater the incentives to disrupt the system.
And >120% debt-to-GDP + inflation (rising rates) make this a vulnerable system.
I continue to believe that holding neutral, scarce money is going to be crucial for any investor who wants to protect wealth in the coming years.
Yeah global fiat system is clearly fragmenting. Can’t imagine anything like the global response to the GFC happening today. As long as fragmenting ccy blocks are fighting each other, they got less bandwidth to worry about bitcoin. Quite the opposite in fact. They’re more likely to see it as a tool to conscript than something to take out
