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Crypto Community Fires Back at Hillary Clinton’s Criticism of Bitcoin Undermining US Dollar as Reserve Currency

[Feb 12, 2024 8:00 PM] The crypto industry has responded to criticism from Hillary Clinton, who said that cryptocurrency can undermine the role of the U.S. dollar as the world’s reserve currency. Galaxy Digital CEO Mike Novogratz argued that the only thing that…

BNY Mellon: US Dollar’s Global Reserve Status Safe Despite BRICS Expansion

[Sep 4, 2023 5:30 PM] The Bank of New York Mellon has provided insights into why the growth of the BRICS economic alliance is unlikely to impact the U.S. dollar’s dominance as the global reserve currency. “We think the most important factor for dollar use…

Chinese Yuan Not Ready to Topple US Dollar as World Reserve Currency, Says Strategist

[Sep 1, 2023 7:00 PM] A global macro strategist has explained that the Chinese yuan is unlikely to replace the U.S. dollar as the global reserve currency. She emphasized that the “weaponization” of the USD is one of the top reasons why Russia, China, and…

US Treasury Secretary Defends Dollar Dominance as Emerging Markets Push to De-Dollarize

[Jun 24, 2023 9:30 PM] U.S. Treasury Secretary Janet Yellen has defended the dominance of the U.S. dollar amid rising efforts by emerging countries to de-dollarize. Brazilian President Luiz Inácio Lula da Silva, in particular, is set to raise the issue of…

JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy

[Jun 18, 2023 6:30 PM] JPMorgan’s strategists have explained that even if China overtakes the U.S. as the world’s largest economy around 2030, the U.S. dollar may remain the world’s dominant currency for the rest of the 21st century. The global…

Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows

[May 31, 2023 5:30 PM] The latest gold reserves survey by the World Gold Council shows that central banks are less optimistic about the future role of the U.S. dollar while their confidence in gold has risen. “There was basically a lot more pessimism about the U.S…

White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

[Apr 21, 2023 8:30 PM] In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat

Strategists: US Dollar’s Reserve Currency Status Eroding at ‘Alarming Pace’

[Apr 18, 2023 9:30 PM] Asset management firm Eurizon SLJ’s strategists have warned that the erosion of the U.S. dollar’s global reserve currency status has accelerated at an alarming pace in recent years, especially following the onset of the Russia-Ukraine war…