Will the world soon become tired of the US dollar?

[Argoo]

Fiat will eventually fail. The problem is they're trying to use inflation to "inflate away" the debt, but actual markets can only deal with that for so long. They have the money printer; we don't.

Fiat, that is, the national money of each state, will exist as long as the states themselves exist. Fiat may change, experience difficulties, strengthen or fall in purchasing power, but it will exist.
If someone is tired of the dollar, they can always use national money. Nobody forces anyone to use the dollar. But if the majority chooses the dollar, it means it is more competitive compared to other world currencies.

[magneto]

I highly doubt it.

People have been saying that the US dollar will become less of a reserve currency globally for decades now. And its status has simply not changed. And it's not going to until there is a system reset worldwide where all fiat depreciate in value.

In that instance, I don't think that the replacement would be any other fiat currency either, no matter how strong their economy may be. It is almost guaranteed to be a cryptocurrency, and BTC is the most obvious candidate at the moment.

[tread93]

I highly doubt it.

People have been saying that the US dollar will become less of a reserve currency globally for decades now. And its status has simply not changed. And it's not going to until there is a system reset worldwide where all fiat depreciate in value.

In that instance, I don't think that the replacement would be any other fiat currency either, no matter how strong their economy may be. It is almost guaranteed to be a cryptocurrency, and BTC is the most obvious candidate at the moment.

 I mean look at what it took for the US to take over Pound Sterling of Great Britain and replace it with The United States Dollar, a world war and an entire people were at risk in the making of that. That is some serious SH#^$&* for that to happen. The thing that is backing the US mostly is the military , which ours is like 10 times larger than the next? idk but its bigger by a decent margin than any other country for sure....

[NewRanger]

Are we seeing a time where BRICS currency and cryptocurrencies are the answer to a world tired of the us dollar?

In reality, the world is still very dependent on the dollar, for example in the aspect of international trade. Indeed, the BRICS Countries are doing this as an effort to reduce dependency and we must respect that too. Regarding the relevance of the BRICS cryptocurrency, I think that as long as there is supply and demand in the cryptocurrency market, it will work and on the other hand it requires strong cooperation and coordination so that it can run according to the initial goals.

[Cryptomultiplier]

I highly doubt it.

People have been saying that the US dollar will become less of a reserve currency globally for decades now. And its status has simply not changed. And it's not going to until there is a system reset worldwide where all fiat depreciate in value.

In that instance, I don't think that the replacement would be any other fiat currency either, no matter how strong their economy may be. It is almost guaranteed to be a cryptocurrency, and BTC is the most obvious candidate at the moment.

 I mean look at what it took for the US to take over Pound Sterling of Great Britain and replace it with The United States Dollar, a world war and an entire people were at risk in the making of that. That is some serious SH#^$&* for that to happen. The thing that is backing the US mostly is the military , which ours is like 10 times larger than the next? idk but its bigger by a decent margin than any other country for sure....

I think the US has more gold reserve that's worth more than the amount of military it has.
The dollar has strong influence in many countries despite the Euro dominance, hence why it is of consequence to any country that abandons it because they would find it hard to conclude any international trade.
The BRICS currency is just to as rightly said, to reduce the influence of the dollar power over major country economies as well as to create a balance where the local fiat will become of value in exchange for the Yen.

[South Park]

In reality, the world is still very dependent on the dollar, for example in the aspect of international trade. Indeed, the BRICS Countries are doing this as an effort to reduce dependency and we must respect that too. Regarding the relevance of the BRICS cryptocurrency, I think that as long as there is supply and demand in the cryptocurrency market, it will work and on the other hand it requires strong cooperation and coordination so that it can run according to the initial goals.

The dollar gives a competitive advantage to the US that it can be hard to grasp, then it is clear that other countries will not like this as it is as if they have to work twice as hard to get half of the results, so a commercial alliance to try to become less dependent on the dollar was going to appear sooner or later, however while the US is a single entity, BRICS is a coalition of different countries, with each one trying to look for their own interests, a matter that reduces its effectiveness in a very significant way.

[Abiky]

I highly doubt it.

People have been saying that the US dollar will become less of a reserve currency globally for decades now. And its status has simply not changed. And it's not going to until there is a system reset worldwide where all fiat depreciate in value.

In that instance, I don't think that the replacement would be any other fiat currency either, no matter how strong their economy may be. It is almost guaranteed to be a cryptocurrency, and BTC is the most obvious candidate at the moment.

Empires are not meant to last forever. The Roman Empire was thought to be "invincible", only to be defeated by barbarians. I believe the same fate awaits the US in the long run. Slowly but surely, the US Dollar will lose its position as the reserve currency of the world.

The "de-dollarization" process has already begun. Add to that the rising national debt of trillions of USD, and you will realize that the collapse of American hegemony is imminent. Maybe it won't happen during our lifetimes. But it will happen sooner or later. The question is: How prepared the world is after a sudden collapse of the US Dollar?

[ChiBitCTy]

I've been hearing the dollar is going to be replaced as the worlds reserve currency for years and years now.  Here's the short and skinny, the United States has the worlds best economy, hands down, non-debatable.  The worlds number two economy is China, whom certainly does import and especially export a lot of goods and services..but they lie about their numbers and everything else for that matter and everyone knows it.  China's best buddies are Russia and North Korea...so what's that tell you.  The Yuan sure a shit won't become the reserve currency.  So which nation would replace it with their currency?  Please..the US dollar isn't losing that title anytime soon.  (I may be from the US, but I don't think this is the best country in the world by a long shot, so there's no bias here)

[bayu7adi]

Paper money is gradually losing interest because it turns out to be more complicated than using digital currency. I can't mention cryptocurrency right now because in my country, the cashless culture is indeed growing, but not for cryptocurrency, rather for cashless FIAT.

Gadgets and cards have become a very common culture. Payment using QR codes or simply tapping a card is simpler and doesn't require waiting for change. There's minimal risk of calculation errors, and it really spoils money users.

USD seems to be transitioning first into digital USD. And the transition from digital USD to cryptocurrency will take a long time. I would really like it if BRICS could push USD to evolve quickly.... this would also accelerate cryptocurrency adoption once the world starts getting used to digitalization.

[Xampeuu]

I highly doubt it.

People have been saying that the US dollar will become less of a reserve currency globally for decades now. And its status has simply not changed. And it's not going to until there is a system reset worldwide where all fiat depreciate in value.

In that instance, I don't think that the replacement would be any other fiat currency either, no matter how strong their economy may be. It is almost guaranteed to be a cryptocurrency, and BTC is the most obvious candidate at the moment.

Empires are not meant to last forever. The Roman Empire was thought to be "invincible", only to be defeated by barbarians. I believe the same fate awaits the US in the long run. Slowly but surely, the US Dollar will lose its position as the reserve currency of the world.

The "de-dollarization" process has already begun. Add to that the rising national debt of trillions of USD, and you will realize that the collapse of American hegemony is imminent. Maybe it won't happen during our lifetimes. But it will happen sooner or later. The question is: How prepared the world is after a sudden collapse of the US Dollar?

one day the world will inevitably have to prepare to face this, remembering that it is true that nothing is eternal, for example we have to change our behavior during a pandemic, and everyone must be able to survive to earn income to support their survival, even though it is difficult , but until now in fact many have been able to survive, and provide new habits, where we are now used to the online system

[Barikui1]

Yes, It's very obvious that most countries around the world expecially the brics nations are no longer using dollars to trade again, due to the fact that most of them knows that the American are now using it as a weapon against countries around the world that doesn't do their bidings, and to me this is the beginning of the end of the dollar dominance in world trade, because when the brics nations finally launch the brics currency,  the us dollar would not be needed anymore by the brics nations, even now, they have stop using the us dollar, so the dedollarization process is already on now.

[shield132]

The world might change USD with a new currency because empires never last forever and America will fall but the problem is that the world significantly depends on USD and it will be painful to change it with something different. For example, in my country we have a national currency but we value things in USD, we trade in USD when we want to buy or sell a house, car, smartphone or etc. We all value Bitcoin in USD, which should give everyone a good answer. When we want to convert bitcoin to national currency, we might directly see the price in national currency but it's firstly converted in USD and then from USD to national currency.
Process of changing USD with something new will be hard and painful because there will be a fight for leadership.

[Abiky]

Yes, It's very obvious that most countries around the world expecially the brics nations are no longer using dollars to trade again, due to the fact that most of them knows that the American are now using it as a weapon against countries around the world that doesn't do their bidings, and to me this is the beginning of the end of the dollar dominance in world trade, because when the brics nations finally launch the brics currency,  the us dollar would not be needed anymore by the brics nations, even now, they have stop using the us dollar, so the dedollarization process is already on now.

Weaponizing currencies was never a good idea. It adds more "fuel" to rising geopolitical tensions. Countries must work together to make our world a better place. I'm afraid the COVID-19 pandemic and wars have damaged the mainstream economy to a point beyond repair. The US has its days numbered due to ever-increasing national debt. With more countries abandoning the USD, it should only be a matter of time before American hegomony becomes history.

Instead of BRICS having its own currency, why not adopt Bitcoin instead? With some countries already adopting it as legal tender, there's a possibility Bitcoin will become the reserve currency of the world. That's assuming scaling and volatility issues are put down to rest. It's an uncertain future, so we can only hope for the best. 

[serveria.com]

They'll get tired of it as soon as the empire of US government falls, that's the only way that it can make the world lose interest in the US dollar, the global market is so tied with the US as it's global currency that it's difficult to say that the world will ever get tired. I don't think that people will get tired of it that easy, maybe a flash crash on the USD and we will see something different and I'm proven wrong that we will quickly get tired and replace US dollar but seeing the influence of USA to other countries, I think that it's going to be difficult to happen.

It will, believe me. Same thing happened to all the global reserve currencies before. Pounds, francs, reals, guldens they all are history as a global currency. Same fate awaits the US dollar, the question is not if but when... 

[slapper]

Yes, It's very obvious that most countries around the world expecially the brics nations are no longer using dollars to trade again, due to the fact that most of them knows that the American are now using it as a weapon against countries around the world that doesn't do their bidings, and to me this is the beginning of the end of the dollar dominance in world trade, because when the brics nations finally launch the brics currency,  the us dollar would not be needed anymore by the brics nations, even now, they have stop using the us dollar, so the dedollarization process is already on now.

Weaponizing currencies was never a good idea. It adds more "fuel" to rising geopolitical tensions. Countries must work together to make our world a better place. I'm afraid the COVID-19 pandemic and wars have damaged the mainstream economy to a point beyond repair. The US has its days numbered due to ever-increasing national debt. With more countries abandoning the USD, it should only be a matter of time before American hegomony becomes history.

Instead of BRICS having its own currency, why not adopt Bitcoin instead? With some countries already adopting it as legal tender, there's a possibility Bitcoin will become the reserve currency of the world. That's assuming scaling and volatility issues are put down to rest. It's an uncertain future, so we can only hope for the best. 

Currency weaponization is a bad game. But that the mainstream economy is irreparable? This is exaggerated. Resilient economies adapt. The US national debt is massive, but it won't end American dominion. Countries have recovered from adversity throughout history

Your Bitcoin plan? Visionary, not just viable. Countries adopting Bitcoin as legal tender is a brave move toward financial sovereignty and away from currency conflicts. Do not oversimplify. Making Bitcoin a worldwide reserve currency involves more than addressing scalability and volatility. It requires a paradigm shift in how governments value and trust digital assets

BRICS adopting Bitcoin? The notion is intriguing, yet it avoids consensus. Each member has its own economic objective, making a coordinated Bitcoin move difficult but not impossible. Can these nations choose global stability over personal gain? It's ambitious but possible. Bitcoin supporters want a decentralized future where financial power is spread, not concentrated

[Davian144]

Are we seeing a time where BRICS currency and cryptocurrencies are the answer to a world tired of the us dollar?

In reality, the world is still very dependent on the dollar, for example in the aspect of international trade. Indeed, the BRICS Countries are doing this as an effort to reduce dependency and we must respect that too. Regarding the relevance of the BRICS cryptocurrency, I think that as long as there is supply and demand in the cryptocurrency market, it will work and on the other hand it requires strong cooperation and coordination so that it can run according to the initial goals.

In terms of seeking strong cooperation and coordination between cryptocurrency and BRICS for the same goal, it will certainly not be easy because each party also has its own concept which should not be disturbed by the same goal. Although this must be done so that some or all countries no longer have dependence on the dollar currency in any way, including in terms of international trade.

Because when there are more currencies that are willing to be accepted into international trade, of course the dollar is no longer seen as the only currency that can be used in international trade. So the association of countries that are members of BRICS can respect each other's concepts so that their goals can run smoothly to shift the dependence of many countries on the dollar currency.

[WillyAp]

I highly doubt it.

People have been saying that the US dollar will become less of a reserve currency globally for decades now. And its status has simply not changed. And it's not going to until there is a system reset worldwide where all fiat depreciate in value.

true and it shows the detachment of Poiticians to citizens

[serveria.com]

Yes, It's very obvious that most countries around the world expecially the brics nations are no longer using dollars to trade again, due to the fact that most of them knows that the American are now using it as a weapon against countries around the world that doesn't do their bidings, and to me this is the beginning of the end of the dollar dominance in world trade, because when the brics nations finally launch the brics currency,  the us dollar would not be needed anymore by the brics nations, even now, they have stop using the us dollar, so the dedollarization process is already on now.

Weaponizing currencies was never a good idea. It adds more "fuel" to rising geopolitical tensions. Countries must work together to make our world a better place. I'm afraid the COVID-19 pandemic and wars have damaged the mainstream economy to a point beyond repair. The US has its days numbered due to ever-increasing national debt. With more countries abandoning the USD, it should only be a matter of time before American hegomony becomes history.

Instead of BRICS having its own currency, why not adopt Bitcoin instead? With some countries already adopting it as legal tender, there's a possibility Bitcoin will become the reserve currency of the world. That's assuming scaling and volatility issues are put down to rest. It's an uncertain future, so we can only hope for the best. 

It's very logical, unfortunately governments are anti-Bitcoin by design. To them, Bitcoin means anarchy, tax evasion, money laundering and other crime. There are some pro-Bitcoin governments, mostly thanks to several personalities (like Nayib Bukele) who are Bitcoin hodlers themselves. But give Bitcoin some time and I'm sure it will become a global reserve currency eventually.

[South Park]

It's very logical, unfortunately governments are anti-Bitcoin by design. To them, Bitcoin means anarchy, tax evasion, money laundering and other crime. There are some pro-Bitcoin governments, mostly thanks to several personalities (like Nayib Bukele) who are Bitcoin hodlers themselves. But give Bitcoin some time and I'm sure it will become a global reserve currency eventually.

Governments are on the business of printing money and bitcoin is a competitor that affects them directly, as if they were to print more of their currency but a significant amount of people are holding bitcoin then they cannot use the inflation tax against them, so most governments will resist bitcoin, especially those that are the most powerful, fortunately many other countries will see in bitcoin an opportunity to bring investments to their country and they will be willing to accept losing some control just to bring so of that wealth to their territory, which is why I think bitcoin still has a bright future despite all the measures which governments around the world have taken against it.

[trendcoin]

The world has to get tired of the US dollar, but it also has to get tired of fiat currencies. Nothing changes for us if we replace one fiat currency with another... When elephants fight, the grass gets trampled more. Whether an elephant wins or loses does not mean anything to us. Of course, instead of one elephant being king, it is better if two elephants are of equal power and find a compromise, because then they won't fight temporarily and they won't hurt the grass. However, getting rid of the elephants should be our priority...