Rich people are buying gold and Bitcoin to protect themselves if the dollar loses its power.
To some extend, sure, but they don't even have to given that the rich not only pay proportionally fewer taxes (and even fewer now, given the recent policy changes) but also often are first in line when receiving subsidies.
The dollar may fall, but if you're up high enough you won't care because you can make up for it by extracting even more wealth from the middle and lower classes.
The rich are always first to protect themselves, and as you said, most of the system is designed to keep them ahead: lower taxes, easier access to government benefits, or even “crisis” bailouts when things go south. Even if the dollar drops, the folks at the top usually have ways to shift the pain downward. They raise prices, cut jobs, or move investments around the world, and regular people are left to pick up the pieces. The system itself rewards being above the mess, not fixing it
That is exactly why more people are starting to think about self-sovereignty, moving away from only trusting banks, government, or any “guarantee” that is not really for them. It is not that gold or Bitcoin solves the gap, but they are a signal that a lot of us don't want to play the same rigged game
The doom of the US dollar is pretty much expected to happen after several decades. I don't see it as a tragedy. Global finance will definitely recover after the end of the US dollar dominance. Every crisis is an opportunity, like the Chinese say.
This is what the American nation will get, after voting for politicians, who offer stupid short term solutions for all problems.
No national currency can survive as a global currency in the long term. The world needs a truly global currency, which isn't tied to any particular country(and I'm not talking about Bitcoin). I'm one of the people, who think that Bitcoin cannot serve the world as "the one and only" global currency.
The end of dollar dominance has been predicted for ages, and tbh, it does not feel like the end of the world. I agree that change in the global system can open new doors. What feels like chaos is really just a reset button
So far, history shows us no single country can hold the crown forever. The problem is, every time a currency falls, regular people pay the price first while the big players find their exit early. That is what worries me most. How do we make sure the “reset” does not just repeat the old cycle, but with different faces in charge?
You are right that Bitcoin, as it is now, probably will not become the one global currency for everyone. Too many limitations, too much volatility, and it still feels more like an experiment than a finished solution for daily life. The future really needs something else, a money that is not anyone national symbol. Still, for me, the real strength of Bitcoin is that it gives people an option outside the usual system. Even if it never goes fully global currency, it is still a tool people can reach for when everything else feels unstable or rigged