Part 7/8:
Despite this, the transition from the U.S. dollar as the world’s primary reserve currency seems unlikely in the immediate future. The extensive scale and access to liquidity provided by the U.S. dollar offer a significant edge, reinforced by historical precedent where shifts in reserve currencies occur over extended periods. The potential for Bitcoin to gain a foothold remains speculative but should not be dismissed outright.
As central banks navigate these changing dynamics, the likelihood of increased gold purchases and modest experimentation with Bitcoin as an asset class might influence market valuations of both. Still, the trajectory towards a fundamental shift away from the dollar or fiat currencies, in general, seems distant unless dramatic societal changes arise.