I was told that USD $ is going to collapse, True ?

The dollar continues to fall, and its prospects are not very good, judging by the analytical reviews.

 

Maybe one day, but don't hold your breath. USD is preferred currency for global trade, but global trade is depressed by covid problems. When it recovers, demand for the USD will rise. Also, when oil prices finally rise again, demand for USD will rise, since oil is priced in USD. Of if there is another global financial panic, demand for the USD will rise (flight to safety). Currencies fluctuate. The USD isn't dead or even dying. I would ignore the conventional wisdom.

 

Dollar skeptics have been repeating this phrase for decades now, and the dollar, as usual, is more alive than all the living))). For the dollar to collapse, the American economy needs to collapse, and do you see that it is collapsing now or has it ever collapsed?))

 

All currencies are fiat. Therefore they are all garbage and subject to erosion.

 

While the USD's global dominance may face challenges, particularly with inflationary pressures, it's unlikely to be fully replaced by Bitcoin in the near term due to its volatility and regulatory uncertainty. Diversifying into euros or other stable currencies may be a safer bet, but caution is still needed in volatile markets.

 

Truly you are joking.

 

For information, I recently spoke with an influential Singaporean who led the APAC region for one of the world's largest tech companies, now retired and a trader.
His view of Trump is that he will will curry future favors from his entourage and use the next 4 years to make his buddies rich by ensuring the market will reward them all. Apparently, billions are flooding into the US stock market from Southeast Asia to join in the party. The US$ will likely remain strong against the € which is already weakening as is gold.

I don't trade currencies so I have no clue if this is correct or not.

 

Bots don’t joke. They just paste in bullshit from the web. Quite a bit of what this one pastes in comes direct from Babypips.

 

The collapse may be underway but it is extremely slow, may take decades, have up and down cycles in Dollar use which make assessment additionally confusing.

 

The idea of diversifying away from the USD makes sense if inflation and the dollar's decline continue. While the Euro and other currencies may offer stability, Bitcoin replacing the dollar is still uncertain, given regulatory challenges and adoption hurdles. It’s wise to stay cautious and consider multiple hedging options.