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i agree, i feel like we could be watching the end of the fiat system as we know it.
At least, we are seeing the global dollar reserve system unravel.
We've already seen how gold standards degenerate into fiat, so that will probably just happen again with this new currency block.
Governments simply cant help themselves when it comes to messing with money, but lets see what the implementation looks like, after all, Zimbabwe launched a gold-backed currency (ZiG) and from what i understand, it failed.
It’s pretty obvious China wants the yuan to be the BRICS currency, they’d never go for anything else. Gold reserves? Sure, but we’re the ones who control those! Hahaha. I don’t know how long it’ll take, but Bitcoin’s gonna beat gold, it’s just way better.
BTC > Gold > Fiat
If we can only get the improvement from fiat to gold, that's still a win.
Eventually, the superiority of bitcoin will win out, but we don't have to make perfect an enemy of better.