🌎💵 GLOBAL CURRENCIES: THE CYCLE NO ONE CAN IGNORE 💵🌍
The history of global reserve currencies reflects the evolution of global economic and geopolitical power.
From the 15th century to today, dominance has shifted among various powers, following fairly regular cycles:
🇵🇹 Portugal (1450–1530) — about 80 years: dominates due to control of maritime trade routes.
🇪🇸 Spain (1530–1640) — about 110 years: supported by silver from the Americas.
🇳🇱 Netherlands (1640–1720) — about 80 years: leadership in global trade and finance.
🇫🇷 France (1720–1815) — about 95 years: European economic power with strong political influence.
🇬🇧 Great Britain (1815–1920) — about 105 years: the pound dominates during the imperial and industrial era.
🇺🇸 United States (1920–today) — over 100 years: the dollar becomes central with Bretton Woods and global financial markets.
Each phase has been characterized by trade supremacy, internal stability, and financial innovation.
However, no dominance is eternal: the average duration of these cycles ranges from 80 to 110 years.
Today, the United States finds itself at the final part of this historical range, fueling the debate on a possible change.
Among the alternatives, multipolar systems, the Chinese yuan, and digital assets like Bitcoin emerge.
History does not repeat identically, but often rhymes: changes in the global monetary system tend to arrive gradually, but with profound and lasting impacts.