We’re entering an era where people save in bitcoin and spend in dollars. River’s vision for this future is unveiled in our new thesis.

Money is used for both saving and spending. For most of history, the global economy relied on two separate assets for saving and spending.

Today, the dollar serves as the primary way to both save and transact among global institutions. However, the dollar is declining as a global reserve asset. 

At River, we believe Bitcoin will replace the dollar as a way to save money. In our thesis, you’ll learn about:

• The making of our fiat currency system
• Why the dollar is declining as a global reserve asset
• Why the dollar persists as a global reserve currency
• The rise of Bitcoin as a global reserve asset
• The current state of Bitcoin as a transactional currency
• What the coming Dual Money Era might look like