Odaily Daily News Arthur Hayes stated on the X platform that the era of U.S. Treasuries and stocks as global reserve assets has come to an end. He noted that since 1971, when Nixon depegged the dollar from gold, U.S. national debt has surged 85 times. If the U.S. current account deficit is eliminated, foreign buyers will no longer purchase U.S. bonds and stocks, which could pave the way for assets like gold and Bitcoin to become new global reserve assets.

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