global reserve currency – DIGIT INFO

Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency

DIGIT — Sat, 10 Aug 2024 20:46:17 +0000

Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency. Laffer Warns of U.S. Dollar Decline Amid Economic Policy […]

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Stablecoin survival: Navigating the future amid global de-dollarization

DIGIT — Fri, 19 May 2023 10:41:44 +0000

The stablecoins with the largest market cap are pegged to the U.S. dollar, so what risk does de-dollarization pose to stablecoin users?

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Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

DIGIT — Thu, 13 Apr 2023 17:30:05 +0000

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During a speech at the New Development Bank in Shanghai, Lula expressed his nightly pondering: “Why do all countries have to base their trade on the dollar?” Brazil’s President Wants to Reduce the […]

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Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status

DIGIT — Tue, 28 Mar 2023 23:30:34 +0000

Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic […]

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Former Chinese Central Bank Governor: US Dollar Will Remain Global Reserve Currency, Says It ‘Has Great Inertia’

DIGIT — Wed, 27 Apr 2022 16:30:34 +0000

In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the greenback will remain in its position as the global reserve currency. Xiaochuan said the dollar still “has great inertia.” Process to Change Role […]

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Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency

DIGIT — Sat, 02 Apr 2022 16:00:43 +0000

On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed currency regimes.” The study’s calculations estimate that gold could reach […]

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VanEck says Bitcoin could hit $4.8M if it became the global reserve asset

DIGIT — Fri, 01 Apr 2022 01:26:14 +0000

The investment firm made very high valuation for BTC and gold based on the extreme case that either becomes the reserve global currency.

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The US Dollar’s Share of Global Reserve Currencies Drops as Japanese Yen’s Share Increases

DIGIT — Tue, 05 Jan 2021 06:00:24 +0000

The U.S. dollar’s dominant position as the reserve currency of choice may be in peril, as its share of global currencies held in reserves continues to decline. International Monetary Fund (IMF) data shows, the dollar’s share of reserves dropped from 66% in Q3 of 2014 to just above 60% in Q3 of 2020. This means […]

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