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According to Citadel founder Ken Griffin, investors are moving away from the US dollar and putting their funds into safe havens like gold, silver, and Bitcoin. The move, called a debasement trade, has Griffin worried about a “substantial asset inflation away from the dollar.” The increase in gold and Bitcoin investments has further pushed the de-dollarization agenda, which has seen significant subscribers over the last decade. Are Bitcoin and Gold Further Pushing the De-Dollarization Movement? Image: Watcher Guru The increase in gold and Bitcoin investments is apparent in the recent price surges for both assets. Bitcoin (BTC) hit an all-time high of $126,080 on Oct. 6. Gold rose to a new peak of $3,977.19 earlier today, Oct. 7. The pivot from the US dollar could be due to macroeconomic uncertainties arising from geopolitical tensions and trade wars. Bitcoin (BTC) and gold are expected to continue their respective upward trajectories over the coming months. October has also h...

Subadra Rajappa, a strategist at the French lender Societe Generale, believes that the US dollar (USD) has lost its luster as a safe-haven asset. In a new CNBC Television interview, Rajappa says that gold’s latest surge to record highs as the dollar continues to weaken indicates investors are turning to the precious metal as their preferred store-of-value asset. Says Rajappa, “The rise in gold versus the dollar not doing as much is telling. Your flight-to-safety asset is now gold. It’s not the dollar. It’s not really any other asset in the US. Yes, you are seeing a run-up in equities. A lot of that has to do with the dollar weakening. The question becomes, what happens from here on? And gold seems to be that safe haven asset.” Societe Generale is the world’s 19th largest bank with $1.717 trillion worth of assets on its balance sheet. Meanwhile, banking giant Goldman Sachs believes that gold may hit $5,000 per ounce next year ...

The US cannot afford to lose the dollar’s reserve currency status as the reaction would be devastating for the economy. The White House, the Federal Reserve, the US Treasury, and all other institutions will face scrutiny. The major impact will be felt by American businesses and the general public, as inflation is expected to soar across the homeland. The development would lead to job cuts and a stock market crash that would make 1928 feel like a child. BRICS is trying hard to topple the US dollar and replace it with local currencies. Also Read: BRICS vs G7: Who Is Richer in 2025? BRICS: Here’s What Will Happen If the US Dollar Loses Its Reserve Currency Status Source: News18.com Demand For the US Dollar Will Drop Not just BRICS, but all developing countries will stop buying the US dollar and avoid keeping it in their reserves. Emerging economies will use their national currencies for trade settlements and strengthen their GDP. Local currencies will start surging in the forex...

The US dollar has been touted by many as a prime suspect in bringing global volatility and economic distress to other nations. The constant weaponization of the US dollar and the nation’s use of sanctions to subdue inimical forces have led nations to initiate de-dollarization, a phenomenon that reduces reliance on the American currency. Now that Trump’s policies have brought in more geopolitical instability and mayhem, these 11 nations have decided to reduce their dependence on the US dollar, charting their own path to interconnect and push for local currency narratives to gain steam. Also Read: Eric Trump Says Crypto Will Replace SWIFT: 3 Coins That Can Make It Happen Why Is the US Dollar Losing Luster? Source: Watcher Guru The US dollar is currently trading at lower price spots, pitted globally due to the aggressive global policies initiated by Donald Trump. The dollar’s lackluster performance has been criticized by major league financial giants, including Goldman Sa...

Goldman Sachs analyst has provided a gloomy prediction for the US dollar as BRICS aims to topple the US dollar from the world’s reserve currency. The US dollar is the worst-performing currency in the forex markets as the DXY index dipped below the 100 mark. It hit a low of 98.06 after falling from a high of 109.40 early this year. The greenback has dipped nearly 9% year-to-date and eight out of nine leading currencies outperformed it in 2025. Also Read: BRICS Makes Huge Announcement On New Payment System Source: MarketWatch BRICS: Goldman Sachs on The US Dollar’s Future: ‘Weakness Is Here To Stay,’ Says Analyst Source: iStock Kamakshya Trivedi, Head of Global FX at Goldman Sachs said that the US dollar’s weakness is here to stay. Trivedi explained that the geopolitical winds have changed as emerging economies are now looking at their own benefits similar to how the US does on foreign policies. The Goldman Sachs analyst remains bearish on the US dollar as B...

The United States economy is caught in an increased state of vulnerability after US President Trump announced sweeping tariffs to a host of trade partners. Indeed, it has subsequently threatened the nation’s currency, as one expert points to the reality that Bitcoin now has a greater chance of outlasting the US dollar. Specifically, Jeff Park, the head of Alpha strategies at Bitwise Invest, discussed the two currencies. Moreover, he noted that the currency situation could create a monumental shift that sees the leading cryptocurrency actually outlast the global reserve asset. Source: Watcher Guru Also Read: Bitcoin May Get Boost as Chinese Yuan Devalues Amid US Trade War Bitcoin to Outlast the US Dollar? Here’s What One Expert Is Saying The US is currently on the brink of a trade war with China. Moreover, it is facing increased recession risks based on the nation’s new Liberation Day tariffs. Its 10% baseline import duty has already been answered by many countries, wit...

BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the US dollar. Brazilian authorities support expanding the use of national currencies and are looking at opportunities to increase the payment option. The Luiz Lula da Silva administration is gearing up to end reliance on the US dollar before the upcoming summit. Also Read: BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar BRICS: Brazil & China Look at Local Currencies For Trade Settlements Source: iStock Both the BRICS members Brazil and China are drawing plans to push local currencies forward for mutual payments. Brazil’s Secretary of the Finance Ministry Tatiana Rosito said that some trade between the two countries is already being settled in national currencies and not the US dollar. Lula da Silva had previously stated that the alliance must slowly end dependency on the US dollar. Also Read: BRICS Considers New Financial Options For Trade Settl...

Russia has long been trying to break the traditional market chains by leading the global financial regimes at its own pace. However, with the US sanctioning Russia and removing it from the SWIFT system, the country has since then found lucrative methods to stabilize its economy, including utilizing diversification of assets to strengthen its reserves. Here’s how much gold Russia holds at present that has led the nation to earn the label of a country hoarding the maximum amount of precious metal in its reserve. Also Read: 2 Things To Expect From Donald Trump’s Digital Asset Rendezvous On March 20 How Much Gold Does Russia Have? Source: Watcher Guru Russia is one of the leading gold holders in the world, with its reserves valued at $217.4 billion as of March 1st, 2025. The nation has diversified away from the dollar into gold, which now comprises 34.4% of the nation’s total foreign reserve. “Russia has expanded its gold reserves to a record high, reaching $217.4 billion as of ...

Donald Trump has vowed to end de-dollarization, a phenomenon that has repeatedly wounded the US dollar ever since the currency dynamics began to spread out. The US dollar is now surrounded by credible foes and enemies who want to establish their own supremacy by detailing the dollar’s prestige. Will the American currency be able to withstand the test of changing global dynamics? The scenario points towards a negative stance, indicating that the phenomenon of de-dollarization is indeed unstoppable. Also Read: Pi Network (PI) Predicted To Hit New Peak Of $6.54: Here’s When 3 Reasons Stating Why De-Dollarization Cannot Be Stopped 1. Rising Geopolitical Changes Nagging The US Dollar Source: Watcher Guru The geopolitical narratives are now increasingly taking a new turn. With nations coming up with their dynamics, infrastructures, and orders, their need to rely on USD for further help seems to be dissipating with each passing day. At the same time, alliances like BRICS and ASEAN are no...

The BRICS alliance continues to discuss new and alternative payment options to challenge the US dollar on the global stage. Russian Foreign Minister Sergey Lavrov confirmed that the alliance is looking to create a trans-border payment initiative. The idea is being discussed at the initiative of Brazil, which will host the 17th summit in Rio De Janeiro on July 6-7, 2025. Brazil will chair the upcoming summit to promote reform in global governance. Also Read: BRICS: Russia Explores Major Partnership With the U.S. BRICS vs the US Dollar: Alternative Payments Being Discussed Source: Cryptopolitian.com Suggestions to create a trans-border payment initiative are being floated by Brazil and could discuss the prospects at the upcoming summit in July. BRICS is looking for a payment settlement other than the US dollar and usher into a new global financial infrastructure. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: De-Dollarizat...

The de-dollarization agenda is advancing globally as like-minded countries are settling trade in local currencies and not the US dollar. In the latest, Russia and Kazakhstan mutually paid 80% of their trade in national currencies sidelining the US dollar. The development has strengthened ties between the two neighboring countries and are now aiming to continue the process. The move will add strain on the US dollar’s prospects as nations sideline it for cross-border transactions. Also Read: 5 US Commercial Sectors To Be Affected If De-Dollarization Advances Read here to know how many sectors in the US will be affected if the de-dollarization agenda grows stronger globally. The USD could lose out on the global supply and demand mechanism in the currency markets. If the demand for the USD dips, the American economy could face inflation where the costs of daily essentials could skyrocket. Also Read: Amazon Stock: Buy AMZN, Target $270 to $285 Amid AI Boom De-Dollarization: Russia & Ka...

The latest report from the Economic Times indicates that demand for the US dollar is rising in foreign banks despite the BRICS alliance aggressively pushing the de-dollarization agenda. The US dollar is gaining strength in the currency market as the DXY index reached an all-time high of 107.06. However, the USD is cooling down after hitting a peak and is currently trading at 106.55. Also Read: BRICS Countries Gain Influence Over G20 The BRICS agenda of toppling the US dollar is failing as their local currencies are reaching all-time lows. The Indian rupee has fallen to its lowest price point of 84.47 this week as the USD is strengthening in the charts. Even the RBI intervention failed to save the Indian rupee from crashing. The Chinese yuan has also fallen to a seven-month low against the greenback. Also Read: 4 New Countries Show Interest To Join BRICS Alliance BRICS: US Dollar Gains Demand in the Currency Market Source: Freepik.com The deprecation of local currencies is making foreig...