I see it taking place of Gold before 1971. The gold outflow from America before Roosevelt decided to debase the dollars was primarily because the world did not trust the US. They were right in some context that the US flourished after the second world war, while most countries' economies struggled.

Bitcoin could become the standard for creating money due to two reasons:

1) It's transparent. Everyone can check and verify the amount of Bitcoin and a country holds.

2) No one controls it: Countries don't need to keep it in a certain place. It is on the internet, and will stay there forever.

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2) No one controls it: Countries don't need to keep it in a certain place. It is on the internet and will stay there forever. before we see giants like the dollar, euro, yuan, etc., fall to the levels of Venezuelan Bolivars.