De-Dollarization: Warren Buffett Predicts the US Dollar's Future
There have been a lot of questions about the US dollar’s (USD) domination over the last decade. Despite the greenback making up for a majority of global trade, there is a growing sentiment among many nations to move away from the USD. The de-dollarization trend has taken a substantially strong in recent years. Also Read: Donald Trump Reacts to US Stock Market Crash, The President Says This Warren Buffett Speaks On The Future Of The USD Source: Money.com / Eddie Lee / Getty Images Warren Buffett is among the elite class of traders. In a 2015 interview with Business Insider, the veteran trader said the US dollar will reign supreme for at least another 50 years. Going by Buffett’s estimates, the USD could remain the dominant global currency till at least 2065. His arguments could help fight the de-dollarization momentum. Buffett stated, “ I think the dollar will be the world’s reserve currency 50 years from now. I think the probabilities of that are very high .” Whe...