Klein: 2008 dollar rally was driven by liability settlement, not safety
“The dollar shoots up and it's not because people thought the dollar was a safe place to be. It's because it happened to be the case that there were a lot of short-term claims denominated in dollars and there were long-term assets that were not. And you know, t…”
Khokhar: True startup validation only happens when dollars exchange hands
“Validation only happens when dollars exchange hands. Period. Full stop. It does not matter. There is no other explanation or excuse other than that.”
Coogan: Americans over 70 hold 32% of US wealth
“People over 70 are 12% of the population, but they got 32% of the dollars.”
Chamath: US dollar will lose another 90% of its value
“The dollar will basically have decayed in that entire process, another 90%.”
Pollak: Stablecoins' main unlock is instant, global, free programmable dollars
“The first big unlock that stablecoins has done is basically said, okay, now everyone in the world can access dollars and not just can they access it, they can build with dollars and they can build with dollars on this new programmable platform where there's do…”
Wagner: Finepoint hedges all non-dollar exposures back to US dollars
“Since we're fundamental investors, we hedge currency, commodity, and interest rates at the investment level. So for example, we hedge the yen. We don't have a view on the yen dollar. We think about ourselves as being dollar investors. So we hedge anything that…”
Sharma: The US dollar will remain relatively weak for 5 to 7 years
“And a very key part of this is going to be that the dollar, I think, is going to be relatively weak for the next Five, seven years for the foreseeable future.”
Horowitz: Crypto is more transparent than Visa or dollars
“It's like literally the most transparent form of payment that there is in the world, like more than visa, more than dollars, more than anything.”
Friedberg: Fed bond purchases to cap interest rates will devalue the US dollar
“And the only way to keep those interest rates low will be for the Federal Reserve to try and step in and buy those bonds, which will devalue the dollar.”
Garg: US Dollar will lose reserve currency status by 2034
“So by 2034, that's the timeline I have. Dollar will no longer be a reserve currency.”
Bitar: All Venezuelan asset pricing has become effectively dollarized
“Within the scope of a year until today, in fact, all of the pricing of all of the assets is dollarized. They may not be listed in dollars, but the underlying amount for pricing everything is in dollars.”
Ray Dalio: Gold is the world's third-largest reserve currency
“Gold is the third largest reserve currency, by the way. Dollars euros, gold, and then yen.”
Baker: BRICS nations will never replace the U.S. dollar
“I do not think the BRICS will ever be able to replace the dollar.”
Dixon: Policymakers fighting stablecoins hurt US dollar adoption
“It's frustrating that some policymakers are trying to fight against stable coins when it seems pretty clear that, that popularizing the dollar should be in our interest.”
Summers: The dollar retains dominance via English language-like network effects
“So I think the dollar has a lot of the kind of advantages that the English language has. It's right now kind of where everybody else is, and so that makes it where everybody wants to be.”
Balaji predicts US will divide into Bitcoin states and dollar states
“And I actually think this becomes a very important dividing line and political issue where it's essentially the Bitcoin states where you know, people are allowed to hold Bitcoin in private hands and the dollar states where they're not. Basically meaning you li…”
Maples: US Dollar Will Lose Reserve Status Without Fiscal Responsibility
“It's inevitable that the dollar will not be the reserve currency that If we are not more responsible with the stewardship of our money.”
Aboyeji: Dollar globalization via stablecoins hedges against Federal Reserve policy
“Because the globalization of the dollar, maybe this is a political statement, is the best hedge against the feds.”
Being categorized as an impact fund drastically shrinks LP capital allocations
“Just from what we've seen from fundraising, once you get grouped into an impact bucket, usually their magnitude smaller than the main buckets. And so I think it changes how many dollars you get allocated.”
Papic: Bullish on the euro and gold amid dollar weakness
“I am bullish the euro. I think that if you are bearish on the dollar for the next decade, you gotta be bullish on something. There's obviously gold, which I would be bullish on, but I think the euro is interesting.”
Robertson: Sterling investors should not hedge dollar exposure in stress periods
“What you have to understand for a sterling investor in times of stress, it's good to own dollars. It's not good to hedge your currency because a big cash drain.”
Pompliano: Liquidity panics drive all major asset correlations to one
“In times of uncertainty, they want dollars. And so what ends up occurring is all of those other assets end up Going to close to a correlation of one. So they all start going down. And we saw that with Bitcoin, gold, you know, treasuries equities, real estate, …”
Popper: US Dollar Is Argentina's Primary Workaround for the Peso
“Frankly, the most popular way to get around the peso is the dollar, so there are already, there's already a whole infrastructure and world of money changers in Argentina who are changing between dollars and pesos and that's, That is something that sort of set …”
Katie Haun predicts cryptocurrency will not replace major fiat currencies
“I don't think, though, to answer your question, that it's going to replace all of the other currencies. I'm not saying that, oh, it's going to replace the dollar and replace the euro. I actually don't believe that, ah, is likely to happen.”