Will the U.S. Dollar Lose Its Place as the World s No. 1 Reserve Currency?
On 2/5/21 at 2:38 PM EST
Some fear stimulus spending to offset the worst of the economic shutdown during the COVID-19 pandemic and the Federal Reserve s injection of billions into the economy threaten the U.S. dollar s standing as the world s reserve currency.
Some investors have moved out of dollars and into gold. While it s hardly a stampede, it could be seen as further evidence of the dollar s increasing weakness. Others see Bitcoin as an inflation hedge, and last month investors drove the price of the cryptocurrency to $41,973, an all-time high.