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De-dollarization is the talk of the town for the global investors and even local (wealthy) investor friends of mine who are seriously concerned with when the USD Dollar will run away with inflation. It is no longer a question of if it will happen but rather now it is a conversation on when the US dollar will inflate away itâs purchasing power according to experts and leading investors.
It is no secret that the USAâs debt is no longer the the best place to store their wealth. The USD dollar has increased in the short term in purchasing power compared to other global currencies, as measured by the Dollar index ($DXY). This is due to global uncertainty in markets which is always uncertain but right now in 2024 the perceived risks are high of a recession in the USA ahead and globally so more investors are holding on to store of value assets and cash.
Where Should I Store my Wealth in 2023?
The short term increased in the US dollarâs purchasing power will go away soon as economists and macro investors agree inflation is the only way out.
De-dollarization could have a significant impact on the global economy. It could make it more difficult and expensive for US businesses to operate internationally, and it could also lead to higher interest rates and inflation in the US.
Bitcoin has cemented itself as the internetâs digital gold with a limited supply and a global community running and protecting it from corruption or manipulation. My estimate is that Bitcoin will be a $100,000 per Bitcoin token by the end of the next full cycle. Even with this optimism and the current global demand shown for Bitcoin, I believe there are even better opportunities for me to de-risk from the dependency on the US dollar than just going all in on Bitcoin.
