Goldbugs and Bitcoiners are, of course, extremely comfortable declaring that the era of dollar

dominance is coming to a close, but this is not a mainstream point of view.

It is more than a bit heretical.

So to have someone of Drucken Miller's stature, put it so plainly, shows how much the discourse

has changed.

But then, we're back to the question of, if not the dollar or euro or R&B, then what?

If you're listening to this podcast, if not the dollar or euro or R&B, then what? If you're listening to

this podcast, you know the answer. Welcome back to The Breakdown with me, NLW. It's a daily

podcast on macro, Bitcoin, and the big picture power shifts remaking our world. The breakdown

is sponsored by nexor.io and bitStamp and produced and distributed by CoinDes.

What's going on, guys? It is Tuesday, May 11th, and today we are talking about some fiery comments from billionaire investor Stanley Drucken Miller about how the dollar will lose its reserve currency status. First, however,

let's talk about why we're dedicating a whole episode to one investor's comments. There is a

tendency thanks to modern media to overvalorize things that rich guys say. It's easy. It gets clicks

and views and downloads. However, Bitcoin and crypto show

more than basically any other industry and history how often it is the Anans and the plebs

who have the right of the way the world is changing far before the beneficiaries of the old

order feel the sand shifting under their feet. That said, even

acknowledging that, we still live in a world where traditional finance is dominated by trends

pointed out by these seminal figures, amplified through traditional outlets, aka financial

cable news. For that reason, when a storied investor makes a big proclamation in both the world's most

renowned economics newspaper and on whatever you would call CNBC, it suggests that the

arguments contained within are more broadly resonant in the markets than we previously knew.

...