KEY POINTS
While de-dollarization is not exactly a new phenomenon, the narrative has changed.
De-dollarization in ASEAN is expected to pick up pace, according to the Bank of America.
Some Asian economies have the greatest potential to repatriate their foreign earnings or assets back to their local currencies.
That’s a problem no matter who is in charge. Think China, Russia, etc would act any different with that same power? Theoretically, a blockchain currency could be a solution but as is they’re either a scam or investment rather than currency.
In a multipolar world there is no one country that gets to be in charge.
It is the solution. You want an asset not liquid as what backs the currency. Proof of stake is scam/gambling. Proof of work is investment/asset. There’s only one established game in town.