Today, with the digital revolution, this idea seems less fantastical than it was in the past. However, the bet on displacing the dollar from its dominant position remains unlikely in the foreseeable future. For decades, some economists have argued that the global monetary system is not a fixed form, but can change if alternatives capable of competing with national currencies emerge. Digital currencies, including stablecoins backed by gold, are being presented as tools that could open the door to real monetary competition. In his famous book 'Denationalization of Money', Nobel laureate in economics Friedrich Hayek called for a world where currencies compete instead of being monopolized by states. This idea remains relevant today.
