Chris Wood, the global equity strategy head at the renowned investment bank Jefferies Financial on Wall Street, said that the potential collapse of the US dollar standard could greatly benefit bitcoin holders in the country. A series of macroeconomic problems such as aggressive monetary policies and continuously rising debt levels have posed increasing risks to the dominance of the US dollar as the world's major reserve currency over the long term, which may lead to more individuals using bitcoin as a hedge fund. Bitcoin is allocated because of its enormous potential. This is because with increasing evidence of G7 currency depreciation strategies over the past two decades, encrypted assets provide a good option for hedge capital seeking value storage. If this unconventional monetary policy is not responsibly abolished, the current US dollar standard is expected to collapse. Therefore, he believes that bitcoin and gold holders may obtain huge benefits and become the main beneficiaries in financial environments with greater fluctuations in legal currency.