Arthur Hayes: The era of the dollar is over, gold and Bitcoin will dominate global trade

Odaily News Arthur Hayes wrote on the X platform that the era of U.S. Treasury bonds and stocks as global reserve assets has ended. He mentioned that since Nixon decoupled the dollar from gold in 1971, U.S. Treasury debt has surged 85 times. If the current U.S. account deficit is eliminated, foreign buyers will no longer buy U.S. bonds and stocks, which may promote assets such as gold and Bitcoin to become new global reserve assets.