In this video, I discuss the recent developments in the world of money, including dedollarization, the BRICS gold-backed trading currency, and Bitcoin. I argue that the gold-backed currency is a failure because gold is a failed monetary asset. If China and other countries try to bring back the old Bretton Woods system, it will have all the same problems. I also think that the United States will soon adopt Bitcoin as a reserve to back the USD. In recent weeks, presidential candidates like Robert F. Kennedy have said they have plans to back the USD with Bitcoin. BlackRock has also applied for a Bitcoin ETF.
I believe that the climax of all these developments will come in the coming years. We will see whether the BRICS countries can successfully launch their gold-backed currency, and whether the United States will adopt Bitcoin. These are two of the most important developments in the world of money, and I believe they will have a profound impact on the future of our global economy.