China has won the trade war It is now progressing logically to provision a global empire of military, monetary and other protocol and institutional hegemony which always follows from dominance in trade. Trump reacting to this. His attempt to break the bond that has established between Russia and China, a bond based on mutual interest and ambitions of expansion - China buys Russias oil and pays for it outside of the USD/SWIFT petrodollar hegemony. China has demonstrated that is can provision sufficient manufactured goods and trade apyments separate from USD/SWIFT hegemony to sustain Russia and Iran who both attack the west and its allies in an ongoing proxy war between ultimately, China and the USA. In this context the rise of gold as a hedge is logical. The prospects for Bitcoin are less certain than gold- if US hegemony declines Bitcoin could still be a valuable alternative SoV and MoE to USD and Chinas Yuan, but Chinas apparent hostility to Bitcoin may also adversely affect its utility in a world where Chinas sphere of influence looks like rapidly increasing as US hegemony declines.