China again. Dedollarization will be very slow and very inevitable. There will never be a single moment for anyone to point to, just a gradual shift to where American sanctions have less and less of an effect. The Soviet Union would have made a very big deal out of reducing the influence of the dollar. China will shatter the dollar dependancy of the entire world and pretend like nothing happened. And no one else can point to it either, because if you point it out you make it worse. It is what I look forward to the most, even if I know I will never get a moment of triumph but instead at some point realize that this shift already happened years ago.