According to Hardy, the cryptocurrency market could quadruple to over $10 trillion, while the US dollar could fall by 20% against major currencies and 30% against gold. The US economy will continue to expand, with wages keeping up with commodity inflation as production is relocated to the US. Finally, US exporters could find themselves at a distinct disadvantage as a result of these shifts.

Hardy says the 2016 US election and the rise of President Donald Trump marked a turning point, as Trump was the first president in recent memory to attack the foundations of the global order. He called for tariffs on imports to correct the large US trade deficit, and criticized the costs of keeping allies safe. This approach shocked America’s friends and served as a warning to China.

The analyst noted that these policies would have a significant impact on the US dollar, as they would reduce the global supply of dollars, which could cause a sudden and strong rise in the value of the dollar