And if the US Government Seizes all bitcoin of all US citizens, and then backs the US $ with it,
then your conclusions of the dollar demise are void.
Is this even possible, US government seizing all the citizens bitcoin and backing it with dollar as bitcoin exists on wallets for which you can't tell who has or uses one following the anonymous nature of cryptocurrency investors.then your conclusions of the dollar demise are void.
Should the above scenario be possible, it could have serious effect on a negative base to bitcoin.
Well, dollar will always rain supreme being the resrved currency so long as America remains as world power.