Until now, I have not found a weak point in America, the effect of which is only deadly for the United States but cannot be exported to other countries. America has begun to build India to become an American proxy against China in Asia. America indeed plays god-level politics or indeed officials in other countries do not understand geo economy, geopolitics, and geostrategy.
Weak points against America may not be visible to all of us but power shift from America to a new country or to a new entity may happen in at any time unexpectedly. America is enjoying being a super power without any major production or they are producing only top cream level of things and not the life's essentials. Still, they are able to hold the super power status. I guess when any country which will rise due to actual economy growth then America may not able to hold its power.
There are lots of possibilities dollar to be replaced by bitcoin at least for the part of medium of exchange. I guess the powers of America may be shared by more than one entity in coming years. It will be like USA may not remain as a super power but there are other group of countries will be having that status.
So you believe 7 billion people will be using btc in the future as their main currency? Do you think even 1 billion is achievable?
I don't believe any crypto can scale that high without losing its decentralized nature.
Power itself is centralized.
If power shifts from America, then the other country who grabs the seat from the US will be issuing its local currency as the next reserve currency. They won't suddenly start believing in decentralization and decide to share their power with everybody else.
It doesn't work like that.
If China somehow manages to overtake USA (tbh I don't see it happening), the next major reserve currency will be the CNY. Whether it would be gold backed or not, I don't know. Probably not.
Bitcoin is a direct threat to the governments as long as it is not manipulated or hijacked. No government can afford bitcoin to become too big.