The world has entered an era where gold and bitcoin are the main assets that help maintain capital and help the dominance of the US dollar, said the author of the Flying Frisby information ballot, the main observer of MoneyWeek Dominic Frisby.

Dedollarization is gaining momentum, recalling the scale of the 1971 Shock Nixon, when the United States abandoned the gold standard, Frisby believes. China, the largest US creditor, has been successively reducing investments in American treasury bonds for ten years and has sharply increasing gold reserves. Gold has already overtaken the euro and became the second most popular asset in the portfolios of the Central Bank, ahead of the US treasury bonds by share in global reserves.

“Now there is no other fiat currency that can take on the role of the world reserve. Against this background, Bitcoin as a leading cryptocurrency complements gold in the digital world, where, along with gold, it is positioned by an alternative to the dollar, ”the Moneyweek observer emphasized.

The US authorities have legalized dollar stabblecoins as a private replacement of a digital dollar, Dominic Frisby recalled. According to the provisions of the Genius law, the emission of stabiblcoins is possible with mandatory reserves of 1: 1 based on US dollars, short -term treasury bonds or similar liquid assets, such as bitcoin.

Large issuers of stabiblcoins hold up to 18% of reserves in risky assets, including bitcoin and other crypto assets. Moreover, the growth of demand for stablecoins correlates with the growth of issuers in gold and the first cryptocurrency, Frisby said.

The issuer of the largest USDT stablecin capitalization, which was among the significant holders of the US Treatary Tether bonds, Tether announced the accumulation of 80 tons of gold and the growth of its own reserves of bitcoins up to 10,424 BTC. As of September 12 Tether Issued more than 174 billion tokens in circulation and expects to maintain the average monthly pace of the USDT stabilcoins at the level of 2.9%, including through the release of the asset in the ecosystems of the Ethereum and SOLANA.

Analysts of the Federal Reserve Bank Kanzas City Expectedthat by 2035 the market of stablecoins, the liquidity of which will be provided with the reserve of bitcoins, can double, from $ 250 billion to $ 500 billion.

In other words, Frisbee summarizes, the growth of the stabilcoin market will help the United States finance its duty and maintain the dominance of the American currency, which, in turn, will stimulate the growth of issuers in gold and bitcoins.

Earlier, the author of the book on personal finances “Rich Dad, Pale Pope” Robert Kiyosaki said that gold, silver and bitcoin will help investors preserve capital with an impending economic collapse.