I don't know if it'll be 5 years, but I have a sneaking suspicion we might be living in the era of Peak Dollar right now. I have another post in mind for today where I might use your quote as a jumping off point to talk about this point in more detail. I have a Powell quote from the past couple weeks that just blows my socks off that I've been meaning to share.

In short, you're right. America and Europe will just fall behind if they continue to have the stance they've recently taken towards cryptocurrency and CBDC's. For me, it's just so obvious. But I live in China... where checks were never ever a thing, credit cards more trouble than their worth, and cash (at least where I live) is pretty much dead. I don't even carry a wallet any more.