This is correct. However, the further narrative (that seems to be emanating from the left behind on TWTR) that the world at large is about to eagerly line up to get double-stuffed mega-ultra-downbad-cucked by both the Yuan and Ruble by accepting them as their chosen “new global reserve currency(ies)” is even more ridiculous.
Fiat-fiat currency competition (if it could ever really be called that) is now irrelevant and obsolete. Even many bitcoiners still seems to miss this. #Few