Balaji, former CTO of Coinbase, has declared that a fiat currency crisis is underway, emphasizing Bitcoin's core value in censorship resistance. He argues that while gold retains value in organized nations, it is susceptible to tracking and confiscation. In contrast, Bitcoin offers advantages such as invisibility, internationality, and ease of transport, making it superior to physical gold. Balaji predicts that Eastern countries like China might adopt a gold standard or a digital gold standard, while the Internet could supplant the U.S. dollar with digital gold and secure digital assets. He advises investors to consider relocating from regions heavily dependent on the U.S. dollar, such as G7 countries, due to deepening sovereign debt crises, stressing the importance of geographic location over asset allocation.