Yup. US dollar is not the reserve currency because it’s attractive. It is the reserve currency because there simply is no alternative. There simply is no asset that can hold hundreds of trillions of dollar.

Let me tell you another irony.

Scott Bessent, Trump’s Treasury Secretary, worked for George Soros, and was one of the key architect for the attack on British Sterling. Go read the wikipedia on Bessent if you don’t believe me.