Arthur Hayes： The era of the US dollar has ended, and gold and Bitcoin will dominate global trade

On the X platform, Arthur Hayes said that the era of US treasury bond bonds and stocks as global reserve assets has ended. He mentioned that since Nixon decoupled the US dollar from gold in 1971, US treasury bond debt has soared 85 times. If the current account deficit of the United States is eliminated, foreign buyers will no longer buy American bonds and stocks, which may promote assets such as gold and Bitcoin to become new global reserve assets.