Replying to Avatar Patrick Schnitter

I’m nervous, as an American, that foreign counties do not want to hold dollars because America we sooo mixed the reserve currency when we froze Russian assets. If they dump dollars, doesn’t that create a massive surplus and greatly devalue our money? I fear that could be catastrophic for the dollar, but I am not sure how close (or far off) we are from that idea.

I hold Bitcoin primarily, but I also have a mortgage and have family that has mortgages and hold US debt, so I am still concerned.

Thoughts?
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Kendy 2y ago

We are far from dollar collapse. The British Pound took roughly 30 years to hand over its title.

I think I’ve seen multiple places that 60% of all countries reserves are in dollars or are dollar denominated. There are still plenty of dynamics abroad that create net dollar demand.

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