De-Dollarization Not a Concern for Nobel Economist, But BlackRock CEO Worried
The de-dollarization movement has become a hot topic in financial and political circles. The dominance of the US dollar has been put into question over the last decade. The BRICS bloc of nations, China and Russia in particular, has expressed the desire for an alternate currency system. While the movement has garnered worry from many leaders, some experts are not very concerned. Also Read: Pi Coin Price Prediction: $600 Investment Could Make You a Mini-Whale by 2030 Nobel Prize-Winning Economist Not Worried About De-Dollarization Source: Cloudfront In April 2023, Elon Musk replied to an X post talking about de-dollarization. The post highlighted how the dollar’s share went from 73% in 2001 to 55% in 2020. It further stated how the greenback’s share went from 55% to 47% after Western sanctions on Russia. Musk also gave his thoughts on the matter. He stated, “ If you weaponize currency enough times, other countries will stop using it. “ If you weaponize currency eno...