In my book “Bitcoindollar: The Dawn of American Hegemony in the Digital Era,” I challenge the prevailing narrative that de-dollarization is a distant or hypothetical threat. Rather, I present a body of evidence suggesting that we are already living in a world where de-dollarization is unfolding—not through bombastic proclamations or sudden abandonment of the dollar in trade—but through a quieter, more telling trend.

TL;DR

In my book, I argue that the United States still has one viable path forward—a path that does not require relinquishing its leadership role, but rather reimagining it for the digital era. I call this new paradigm the Bitcoindollar system. It is an evolutionary successor to the Petrodollar framework, and it hinges on embracing bitcoin as the global store of value and dollar denominated stablecoins to maintain the US dollar’s relevance in a multipolar world. Under the Bitcoindollar system, global capital flows are incentivized to enter dollar-denominated stablecoins such as USDC and USDT. These stablecoins can then be recycled into short-term US debt instruments like Treasury bills, creating a digital-era version of the Petrodollar recycling mechanism.

At the heart of this system lies Bitcoin—not as a threat to the dollar, but as a global decentralized and uncensorable Store of Value (SOV) that drives capital into the broader dollar-denominated ecosystem. As Bitcoin grows in adoption and price, it draws global attention and capital toward stablecoins, which in turn creates natural demand for dollar-based instruments such as Treasuries.