Daniel Lacalle – X, Released on 6/6/25
The US dollar's status as a world reserve currency remains because there is no fiat alternative.
Gold and Bitcoin may be investment options to offset loss of purchasing power, but there is no real substitute to the US dollar in the world. pic.twitter.com/qgGlTS8TBv
— Daniel Lacalle (@dlacalle_IA) June 6, 2025
Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020) and Escape from the Central Bank Trap (2017). He is a professor of global economy at IE Business School in Madrid and Chief Economist at Tressis SV. Ranked as one of the top twenty most influential economists in the world in 2016 and 2017 by Richtopia, he holds the CIIA financial analyst title, with a postgraduate degree in higher business studies and a master’s degree in economic investigation. He is a member of the advisory board of the Rafael del Pino Foundation and Commissioner of the Community of Madrid in London. His work can be found here.
Daniel Lacalle: There is no real substitute to the US dollar in the world added by Herman James on
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Meanwhile, plenty of BRICS country transactions are taking place just fine using other currencies. I think this article is US-centric.
What dpy said. :)