AI and Dollar Hegemony: The development of AI technology can indeed enhance America's technological strength and economic competitiveness, which in the long term helps maintain the hegemony of the dollar. For example, the substantial investment and leading outcomes of American tech giants in the AI field can consolidate their advantages in the global economy, thereby supporting the strength of the dollar.
Cryptocurrency and Dollar Hegemony: The decentralized nature of cryptocurrency conflicts with dollar hegemony, but if the U.S. can control or exert influence, such as launching regulated stablecoins, it could indeed become a way to hedge against challenges to the dollar's status.
Energy and Core Elements: Whether it's Bitcoin 'mining' or the computational power required for AI operations, both are highly dependent on energy; this viewpoint is accurate as energy is the foundation supporting these technologies and economic activities.
Currency, Credit, and Order: The essence of currency is credit, which requires order for assurance, and order depends on technological competition, with energy efficiency being key to technological competition. This series of arguments aligns with economic and financial logic, revealing the deeper essence of the monetary system.
Gold and Cryptocurrency: In the past two years, gold has benefited from de-dollarization, which aligns with market realities. The U.S. finds it difficult to fully control the gold market; in contrast, cryptocurrencies have the potential to be controlled by the U.S., making cryptocurrency a somewhat reasonable alternative for Trump.
Operational Feasibility: If the U.S. aims to use AI as Plan A to maintain dollar hegemony, it needs to continuously invest in R&D resources, maintain technological leadership, and promote global AI industry standards. Using cryptocurrency as Plan B requires establishing a comprehensive regulatory framework and guiding market development, all of which face numerous challenges.
Risks: The development of AI faces technological bottlenecks, ethical and moral risks, which may affect its support for dollar hegemony. The cryptocurrency market is highly volatile with significant regulatory challenges; if maliciously exploited or if systemic risks arise, it could exacerbate financial market turmoil and threaten the dollar's position.