Arthur Hayes: The era of the dollar is over, gold and Bitcoin will dominate global trade
Odaily Planet Daily reports that Arthur Hayes has posted on the X platform stating that the era of U.S. Treasury bonds and stocks as global reserve assets is over. He mentioned that since Nixon decoupled the dollar from gold in 1971, US national debt has surged 85 times. If the current US account deficit is eliminated, foreign buyers will no longer buy US bonds and stocks, which may push gold and bitcoin to become new global reserve assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mark Quick Assumes CEO Role at Nanologica
Bitmine Buys 9,587 ETH as Holdings Near 5% of Ethereum Supply
Ekopak Expands Wastewater Treatment Plant at Mark Anthony Brewing
Vodafone (VOD.US) Swings to Loss in First Half, German Operations Major Drag
Vodafone (VOD.US) released its financial results for the first half of fiscal year 2027.
Crypto prices
More
