I mean, Gold is an asset. Bitcoin is an asset. Those aren't currencies, even if people like to think of them that way.
As far as the Euro, Europe is not America. The European Union is also not the United States. America has geographic advantages that Europe lacks. The US has structural stability advantages that the EU lacks. People sometimes argue things like, the EU is more of a framework or general agreement, while the US is an actual country.
The amount of USD in circulation dwarfs all other currencies and makes it more cushioned against shocks. It's much more liquid than gold or bitcoin. If you need to get actual things done in the real world and you need to get them done quickly, USD is the currency you want to generally have.
It's also the least likely to simply poof or disappear. China is the only real threat the US has faced since World War 2 and we're handling it pre-emptively. You could argue we were pre-empting the CCP even before World War 2, since we were supporting the anti-communist forces inside China before Japan attacked it and unified them against it.
The outcome of a lot of wars comes down to physics. The physics are on the side of the US. USD isn't going anywhere. Iranian and Venezuelan oil will be traded in USD now as well.
I mean, Gold is an asset. Bitcoin is an asset. Those aren't currencies, even if people like to think of them that way.
As far as the Euro, Europe is not America. The European Union is also not the United States. America has geographic advantages that Europe lacks. The US has structural stability advantages that the EU lacks. People sometimes argue things like, the EU is more of a framework or general agreement, while the US is an actual country.
The amount of USD in circulation dwarfs all other currencies and makes it more cushioned against shocks. It's much more liquid than gold or bitcoin. If you need to get actual things done in the real world and you need to get them done quickly, USD is the currency you want to generally have.
It's also the least likely to simply poof or disappear. China is the only real threat the US has faced since World War 2 and we're handling it pre-emptively. You could argue we were pre-empting the CCP even before World War 2, since we were supporting the anti-communist forces inside China before Japan attacked it and unified them against it.
The outcome of a lot of wars comes down to physics. The physics are on the side of the US. USD isn't going anywhere. Iranian and Venezuelan oil will be traded in USD now as well.