No. of Recommendations: 2
Here's why I'm not too worried about treasuries and the dollar.
Short term hits, reputational hit, sure.
But every market is denominated in dollars. Silver, bitcoin, hog futures, stock exchanges (sure, not the Nikkei, but who cares). Nobody quotes the price of anything in bitcoin. Everything is priced in dollars. Even if you watch like, Canadian YouTubers talk about cars, they put the CAD price *and* the USD price in their videos. You will buy your car in dollars, not in ethereum. You will buy your house in dollars, not a sack of gold coins.
Fedwire and the ACH network do trillions of dollars of transactions. These are going nowhere. Whatever alternative the BRICS countries want won't supplant it.
