"The failure rate of thousands of fiat currencies in history is 100%." 1971 marked humanity's first attempt at a globally synchronized fiat currency system experiment.

The monetary system undergoes a major transformation approximately every 40 years. In 2011, Bitcoin was just 2 years old; 16 years later, it surpassed $100,000. Within 5 to 10 years, Bitcoin will undoubtedly surpass gold.

As the U.S. dollar's excessive issuance worsens and the scale of U.S. debt expands further, it is highly likely that within the next 20 years, we will see the dollar's credibility decline further, with its purchasing power shrinking by another 99%.

In the end, no country will want to trade in dollars. When U.S. debt grows to a certain point, even the U.S. won't be able to repay its foreign debts. Will we return to the gold standard?

In my view, the gold standard is impossible. History has already proven how unreliable it is—no matter how many tons of gold the U.S. holds, other countries can't verify it. It's better to adopt a Bitcoin standard, with on-chain transactions that are transparent, clear, and aligned with the digital age—fixed supply, decentralized, and immutable.

It's superior to the gold standard in every way. If you say Bitcoin is too volatile, no problem—let it rise to $10 million, and its volatility will align with gold's.

At that point, the competition for Bitcoin will escalate from institutions to nations. The more Bitcoin a country holds, the greater its influence in international trade and currency settlements.

Will this era arrive?

I believe it will. The secret of money—the seventh stage of empire—is the transfer of wealth to hard assets. Will the U.S. follow Athens' historical path, or will it leverage its dollar hegemony to rally the world for a reshuffle, replacing the dollar as the global trade settlement currency with Bitcoin—the asset the U.S. holds the most? Is it possible?

I think it's highly likely.