&gt; Holding assets in dollar makes little sense for most people on the planet, and when these people become richer, it makes sense they will use their own currencies.<p>You have a lot of misplaced faith in foreign central banks. A lot of foreigners absolutely do not trust their central banks, some even to the point of using the US dollar in their day-to-day transactions (Cambodia, various African nations, etc.)<p>If you&#x27;re in the position where you don&#x27;t trust your own central bank, why would you trust the Bank of China instead of the Federal Reserve? It&#x27;s been around a lot less time and does not have the political independence the Fed does.<p>The dollar is going to be dominant for the rest of our lives IMO.