US Dollar

“Even though we're not happy enough with the US dollar as a restoration of value, there's really no other alternative we can put the money into. Of course, gold is one possibility, but the market is not deep or large enough.”

“I think the introduction of a stable coin in the past, Couple of years, maybe solidifying solidifying US dollar's dominance in a way about RMB is not pushing as hard or as fast into that direction.”

“The U S economy surpassed that of UK in around the But then U.S. Dollar did not totally replace starting until like almost a hundred years later. So it's a very long and gradual process and full of changes, apps announced.”

“Even in the period where people talk about, like, sterling as the reserve currency, it was notable insofar as, say, like, Japan had most of its foreign reserves in Sterling assets, like the early 1900. But there were other large blocks, and arguably this is a …”

“Everything is, is traced on the blockchain. Like, crypto is a terrible place for criminals to move money because it's actually traceable on the blockchain. US dollars or any hard currency is much easier to be able to do nefarious things than having a currency …”

“In terms of like my diversification retirement I take all the money I make and I buy land. I don't put it in the stock market. I don't buy, I don't keep it in cash because I think that the dollar is, it doesn't have a good future. I don't buy bonds or anything…”

“Our existing economic system, like, it does depend on really major reserve currencies like the dollar, and my view is, like, that's going to continue for a while maybe 30, 4050 years.”

“China's a big importer of Russian gas and oil. It's kind of crazy to think about. That trade is still denominated for a vast majority in the US dollar.”

“I think that if you look at the history of reserve currencies, there have been many others before the dollar. They typically last in 80 to 100 year cycles, and we're nearing the end of that with the US dollar.”

“I'm not saying Bitcoin will replace the dollar. I don't think it will.”

“Stablecoin issuers will, in a similar way, be large buyers of U.S. Debt and create more dollar strength.”

“There was a long period of time, 2010 to 2024, when what was happening in the world in terms of interest rates and the US dollar was so important that it overwhelmed what was happening in a lot of countries.”

“I went with the U.S. Dollar in different permutations of how you can buy it because our debt continues to grow unabated and, you know. I just think it's gonna be hard for, you know, the USD because we're talking about, we've been adding, I think we're gonna ad…”

“U.S. Dollars are not that big a share of global currency balances, but the, you know, U.S. Dollars are 95 plus percent of steelbook coin balances.”

“Through, like, the work that Bridge is doing, we can settle into US dollars directly. So the merchants They've just gained a new ability without having to make a strategic choice to go into a new industry.”

“I am a huge believer in dollar as a reserve currency, and the fact we will be persistent as a reserve currency over a long period of time.”

“Some estimates suggest somewhere between 50 to hundred basis points, half a percent to one percent of annual borrowing costs are possibly lower. Because of the fact that America has the world's reserve currency.”

“I think that rupee depreciating four percent a year versus the dollar or five percent on average, that error is over.”

“If you look at the last, ah, you know, 50 odd years, right, since we've had freely floating exchange rates, it's not that even when the dollar's been the dominant currency in this, as far as if the dollar always goes up, there have been very significant period…”

“The way the sanctions were imposed on, on Russia at the time of the Ukrainian war, where the assets were seized. And Russia was thrown off the dollar grid completely. I think that was a big wake up call for governments around the world that, Listen, this, if t…”

“I think that's the one most significant Self-goal the dollar has ever hit in its tenure.”

“I'm like equal, I mean, like, I, you know, like, do the two equally, because I've been bullish too equally, because my negative view is on the dollar. Right? So therefore, I see both those as sort of anti-dollar plays.”

“Well, I think what's going to happen with these dollar based stable coins is they'll start being used all over the world. Let's say that you're in a country, maybe it's a developing world country where the fiat currency is not trusted. And now all of a sudden …”

“Vietnam has had this manufacturing boom for the last five years, about 20, 30% growth annually each year. Their currency is the Vietnamese dong, and it's pegged to the dollar. It hasn't appreciated it at all”

“The dollar was down over 10% through the first half of 2025. This is the worst start in over 50 years.”

“I do think in 10 years time, the percentage of reserves the US represents will probably have reduced slightly.”

“Right now, the only credible alternative is the Euro, and we in Europe, we need to get our act together.”

“It's actually very useful in in Latin America and countries where access to US dollars are It is not as easy as in, in other places.”

“I'm like more and more convinced that we're just going to go into like a great depression. The dollar is going to be slashed to a 10th of what it's worth.”

“I think we're living through the end of the year of US exceptionalism. After a 15 year standing run, the US dollar is now rolled over. I think most people's portfolio is on position for a world of weaker dollar, and one where growth outside of the US is going …”

“Are the clients I work with blanket selling US assets? They are not. For the past month and a half, the tactical ones have been increasing their dollar hedge ratios versus various currencies, which is the first step.”

“The exit of the dollar as the world's global reserve currency is going to have some pretty nasty spillover effects, and it's going to require the government to start sucking in more dollars from the American population in order to pay off all of these debts th…”

“I think what tariffs allow us to do is rebase the long-term reliance on the US dollar. It allows us to rebase our ability to fund our own deficits. And it allows us to rebase the long-term ability for American companies to be economically vibrant.”

“Which I think is also really smart because, you know, we should definitely start in the place where the dollar is the backed, you know, is the, is, is backing the crypto asset that we're looking at before we move on to the you know things that move people away…”

“I do think Bitcoin fundamentally is meant to be, supposed to be, ultimately will become a real threat to the US dollar”

“The United States is in a phenomenal position. The dollar is very strong. The economy is ripping. There's a lot of chaos, and it feels like we're more divided than ever, but I firmly believe that things are not that crazy in America.”

“I think that the Americans have done a disservice to themselves by weaponizing the dollar because it undermines the confidence that other countries have in the dollar.”

“There are no alternatives really to the dollar. The dollar market is the biggest in the world. The euro, the pound sterling, the yen, these are there, but because the size of the economy, the size of the capital markets does not match that of the US dollar. An…”

“Stable coins are a big catalyst for the dollar.”

“Having done that, I actually have assessed that if India grows at eight percent, the rupee will actually depreciate by about half a percent per annum.”

“So the dollar's lost like 25% of its value in just four years. 25 cents of every dollar that you own, you have lost because of devaluation of our dollar over the last four years.”

“I think it is riskier for a company to sit with five hundred million dollars in US dollar cash on their balance sheet than five hundred million dollars worth of Bitcoin. And the reason being that or maybe the one clarifier is if you have a long-term oriented p…”

“My expectation is actually that shareholders at some point will start turning on some of these public companies that have tons of cash and saying like, Hey, if we're sitting there with, you know, Warren Buffett sitting with a hundred billion dollars of cash, l…”

“The second is the dollar itself, and we've seen we've tried to use that in lieu of military power in the Russia-Ukraine conflict, and it, it's been very ineffective.”

“If they flip the US dollar into a, you know, a CBDC, right? That you're not going to get dollar for dollar exchange. They're not going to do it there. You're going to go, okay, well you have a million dollars and okay, great. We'll give you 500,000 dollars in …”

“We approximately have, this isn't exact at all, but approximately a third of the portfolio is in sterling related stocks. Opportunities are just over a third in dollar denominated investments, and then the other just under a third is other. And we have a polic…”

“With stable coins, I'm a huge believer in stable coins, and I think that's a market where you have a, we have a real current with inflation and so many local currencies. There's real demand for stable coins, a US dollar stable coin that it comes in many differ…”

“Those mainframes are still where, you know, 99% of dollars in the US are settled.”

“When we think about crisis periods, the US dollar, the yen, Swiss franc, really play a role of tail risk Hedges and natural diversifiers.”

“And if you look at Swift in July, you know, the Swift volumes on us dollars was the largest ever.”

“So if we don't make grave mistakes, I think the dollar's gonna remain the world's reserve currency.”

“And the actual amount of us dollar money hasn't changed that much. Gone between 60 and 70%”

“I think you have a very accurate assessment of what China wants, but it doesn't mean it's going to happen. And I think you have to make a bet. What do you think it's going to happen or not? I bet it's not going to happen.”

“You can see all kinds of countries that used to be allies of the US trying to pull away from the dollar and the magnetic force field, so to speak of the dollar. And I think that's the result of, You know, overuse of sanctions and, you know, misalignment intern…”

“This whole thing is a huge nothing burger.”

“If I were a betting person, I would not bet that the odds are what do you think they are? Could happen, but nowhere near the probability that that he's suggesting.”

“So it's really hard to kind of just say, hey, it's going to be hyperinflationary, and the value is going to go to zero, it's just not going to happen.”

“All African currencies, forgive me, colored paper backed by the US dollar.”

“It could be that the US dollar coming out of 2023 starts to trade more like a risk asset and less like a risk free asset. And so I think that that's my big contrarian bet is that maybe this year marks the beginning of the end of the US dollar as the kind of gl…”

“The US has a massive, like the US has the dollar, right? Which is probably the strongest implement. And so that probably inherently bar none makes the US the best financial system, but it's really because of our currency.”