With China eyeing Taiwan, I doubt the major players will start buying Yuans at the moment and the Ruble is out of the picture. What else is there? CHF? GBP? Can't see those replacing the USD as a world reserve currency -- those days are (most likely) over.
There is the Euro, but it's not like there aren't several EU countries with severe financial issues. COVID hit the Eurozone pretty hard, and with high inflation, the war in Ukraine and the prospect of very high food and energy prices the next six months I wouldn't be too sure. Interest rates are finally going up aswell. EURIBOR just went above 0% for the first time in many years and there's a lot of people in overvalued homes currently fearing the bubble will burst.
There is the Euro, but it's not like there aren't several EU countries with severe financial issues. COVID hit the Eurozone pretty hard, and with high inflation, the war in Ukraine and the prospect of very high food and energy prices the next six months I wouldn't be too sure. Interest rates are finally going up aswell. EURIBOR just went above 0% for the first time in many years and there's a lot of people in overvalued homes currently fearing the bubble will burst.