Since the end of World War II, the United States has been the dominant world power. China, which has amassed massive wealth since opening its economy to the world, has challenged US hegemony. They are not doing it alone, but together with others, such as the BRICS countries.
BRICS stands for Brazil, Russia, India, China and South Africa.

As a result, banks around the world are failing, Saudi Arabia and Iran are negotiating historic peace talks, and countries are beginning to move away from the US dollar as the world’s reserve currency.
In this regard, Milan Stajovic of Bitcoin Magazine shares his thoughts on how game theory can evolve.
Phase one: from USD to gold
The world is already in phase one creating a multipolar world with many countries accumulating more and more gold and moving away from the US dollar. China and Russia have bought fewer US government bonds over the past decade to build up their gold reserves.
It appears that the BRICS countries are working to return to the gold standard, pegging currencies to a scarce commodity that many have used as a store of value for thousands of years. During this phase, a minority of countries will continue to deleverage their US Treasuries, enter into currency transactions, and acquire as much gold as possible.
Phase two: start of a new era
Phase two marks the beginning of a new era in which non-BRICS countries will rapidly adopt Bitcoin as a medium of exchange and unit of account. This means everyone gets paid in Bitcoin and uses it as a store of value. At this stage, real estate will still be owned, but people will buy it to live in rather than park their wealth. Stocks will still be bought and traded, but Bitcoin will be seen as the number one savings tool for everyone. Monarchs and individuals who collected bitcoin for years became insanely rich in a very short time.
Phase Three: Bitcoin
Stage three describes hyperbitcoinization, with the global economy evolving and Bitcoin becoming the world’s dominant medium of exchange and unit of account. In this phase, governments will use Bitcoin to pay their employees and fund their operations. Bitcoin is becoming the de facto standard for businesses and individuals around the world.
Source: Btc Direct

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.