Billionaire Says Dollar Decline Doesn’t Matter If U.S. Assets Stay King
Chamath Palihapitiya isn’t losing sleep over the weakening U.S. dollar. Speaking on the All-In podcast, the billionaire investor dismissed concerns about the dollar’s recent drop, arguing that long-term depreciation isn’t necessarily damaging—as long as U.S. assets remain the global benchmark.
Co-host Jason Calacanis pointed out that the dollar index (DXY) just posted its worst first-half performance in over 50 years, shedding nearly 11% in six months. But Palihapitiya pushed back, saying this trend has been unfolding for decades and hasn’t derailed America’s financial dominance.
“The U.S. has consistently made the right choice by funding growth,” he said, noting that as long as American equities, real estate, and hard assets appreciate faster than the dollar loses value, investors still come out ahead.
In his view, the dollar’s decline is more a backdrop than a headline—especially when dollar-denominated assets remain the preferred global store of value.
He also emphasized that demand for these assets will continue as long as the U.S. retains its edge in innovation and global leadership. “People want to own U.S. assets more than anything else—and those assets are priced in dollars,” he said.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
