Amid the overall de-dollarization, experts from all over the world are putting forward alternatives to the US dollar. It is really difficult to imagine that the greenback can be substituted, but a list of candidates has been already formed.
Thus, economists suppose that the US national currency could be replaced by the euro, the yen, the yuan as well as by gold or even cryptocurrencies. Each competitor has its own advantages and disadvantages and a burning desire to win.
However, neither the EU nor China are ready to taste victory. The fact is that once the euro or the yuan becomes the main reserve currency they will immediately gain in value. Under the current conditions, this will inflict harm to most countries. That is why gold looks more attractive as it is impossible to increase its reserve artificially. The only way to do so is to expand the production of the precious metal. However, it is difficult and requires a lot of money. This, in turn, guarantees stable inflation in a long-term perspective.
Some analysts agree on the fact that a cryptocurrency is the best candidate. However, they believe that this may happen only in the distant future. The US dollar could be abdicated from its throne very soon, but it is still the dominant currency of most reserves and deals.
