De-Dollarization: BlackRock CEO Speaks On US Dollar’s Future
There is no denying that the US dollar has seen a gradual decline in global dominance. The de-dollarization movement has taken substantial hold over international trade. China is one of the most significant advocates for bringing a dollar alternative to the international table. BlackRock’s CEO also shed some light on the developing situation.
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BlackRock CEO Speaks On The Future Of The USD
Higher interest rates have ballooned the US federal debt. President Trump has taken a strong stance against America’s growing debt. The current US debt is around 120% of the total annual economic output. This development could further push the de-dollarization agenda. It could also lead to the US losing its economic dominance.
According to BlackRock CEO Larry Fink, “If deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.“
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According to Mizuho Financial economic Steve Ricchiuto, discomfort with the US dollar may not lead to de-dollarization. Ricchiuto stated, “The US will lose the reserve currency when there is someone out there to take it away. Right now, there isn’t an alternative.“
Will Trump’s Tariffs Accelerate De-Dollarization?
President Trump went on a tariff spree within weeks of assuming office. The tariffs caused a massive blow to the stock and cryptocurrency markets. Trump has taken a strong stance against the de-dollarization movement, threatening 100% tariffs on nations that attempt to move away from the US dollar. The US dollar’s DXY index has fallen to 98.30 today.
Trump’s threats may have a reverse impact. The tariff threat could push countries to seek an alternative to the US-based system.
Also Read: USD Collapse: US Dollar Crashes 10% YTD, Gold Prices Reach Near $3,400
According to Jane Foley, Rabobank’s head of forex strategy, “Trump’s trade and foreign policies have forced Europe on a path towards reduced reliance on the US. And this is likely to imply a desire for reduced reliance on the dollar.“
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De-Dollarization: Experts Predict Outcome Of Yuan Vs. US Dollar
De-Dollarization: BlackRock CEO Speaks On US Dollar’s Future
There is no denying that the US dollar has seen a gradual decline in global dominance. The de-dollarization movement has taken substantial hold over international trade. China is one of the most significant advocates for bringing a dollar alternative to the international table. BlackRock’s CEO also shed some light on the developing situation.
Also Read: Shiba Inu Prediction: AI Sets SHIB Price For April 25, 2025
BlackRock CEO Speaks On The Future Of The USD
Higher interest rates have ballooned the US federal debt. President Trump has taken a strong stance against America’s growing debt. The current US debt is around 120% of the total annual economic output. This development could further push the de-dollarization agenda. It could also lead to the US losing its economic dominance.
According to BlackRock CEO Larry Fink, “If deficits keep ballooning, America risks losing that position to digital assets like Bitcoin.“
Also Read: Top 3 Cryptocurrencies to Watch This Week
According to Mizuho Financial economic Steve Ricchiuto, discomfort with the US dollar may not lead to de-dollarization. Ricchiuto stated, “The US will lose the reserve currency when there is someone out there to take it away. Right now, there isn’t an alternative.“
Will Trump’s Tariffs Accelerate De-Dollarization?
President Trump went on a tariff spree within weeks of assuming office. The tariffs caused a massive blow to the stock and cryptocurrency markets. Trump has taken a strong stance against the de-dollarization movement, threatening 100% tariffs on nations that attempt to move away from the US dollar. The US dollar’s DXY index has fallen to 98.30 today.
Trump’s threats may have a reverse impact. The tariff threat could push countries to seek an alternative to the US-based system.
Also Read: USD Collapse: US Dollar Crashes 10% YTD, Gold Prices Reach Near $3,400
According to Jane Foley, Rabobank’s head of forex strategy, “Trump’s trade and foreign policies have forced Europe on a path towards reduced reliance on the US. And this is likely to imply a desire for reduced reliance on the dollar.“
Read More