Arthur Hayes Predicts Shift in Global Reserve Assets

According to Odaily, Arthur Hayes recently stated on the X platform that the era of U.S. Treasury bonds and stocks as global reserve assets has concluded. He highlighted that since 1971, when President Nixon decoupled the dollar from gold, U.S. Treasury debt has surged 85-fold. Hayes suggested that if the U.S. current account deficit is eliminated, foreign buyers may cease purchasing U.S. bonds and stocks, potentially leading to assets like gold and Bitcoin becoming new global reserve assets.