**[Forbes: Bitcoin May Solve the U.S. Dollar's Triffin Dilemma and Become a Global Neutral Reserve Asset]** BlockBeats News, August 20: Forbes published an article stating that U.S. Vice President JD Vance's earlier remarks on the global reserve status of the U.S. dollar have sparked discussions about the long-term contradictions within the dollar system. The article argues that while the U.S. dollar's role as a global reserve currency provides financing advantages, it also creates the "Triffin Dilemma": a nation's currency struggles to simultaneously meet domestic economic needs and global reserve demands. The article points out that the dollar's reserve status drives global capital inflows into the U.S., boosting the dollar's value and allowing American consumers access to cheap imported goods. However, this also weakens the competitiveness of U.S. manufacturing and exacerbates trade deficits. The author notes that after the Bretton Woods system ended gold convertibility in 1971, the dollar system continued to operate through U.S. Treasury bonds and the global dollar market, but the core contradictions remained unresolved. While stablecoins can expand the use of the dollar, they still rely on U.S. government debt and cannot fully address the issue of reserve assets being dependent on the liabilities of a single nation. The article states that although gold has non-sovereign attributes, it faces limitations in transportation, verification, and settlement efficiency. Bitcoin, on the other hand, features a fixed supply, does not require national credit backing, is globally verifiable, and enables rapid digital settlement, making it a potential new neutral reserve asset. The author suggests that in the future, the U.S. dollar could continue to serve as a global transaction and commercial currency, while Bitcoin might gradually take on a greater role as a reserve asset, thereby reducing the global monetary system's reliance on the liabilities of a single nation. However, the article also highlights that Bitcoin currently faces challenges such as price volatility, limited institutional adoption, and an underdeveloped custody system. Gold has a financial history spanning hundreds of years, whereas Bitcoin has only existed for 17 years, and whether it can become a global reserve asset remains to be seen over time. [Original Article Link]