Ray Dalio's latest interpretation: The global de-dollarization wave is accelerating

Billionaire investor Ray Dalio recently spoke out again, systematically outlining the multiple challenges facing the US dollar’s reserve currency status. According to NS3 reports, this well-known investor believes that the imbalance in global debt structures, escalating international trade frictions, and shifts in the geopolitical landscape are working together to weaken the international credibility of the dollar.

Contrasts Between US Dollar Depreciation Signals and Central Bank Actions

The US dollar has depreciated nearly 10% over the past year, a figure that has become a key indicator of a shift in market sentiment. Meanwhile, the frequency of central banks increasing their gold reserves has noticeably risen, an act equivalent to an open vote of no confidence in the dollar. The continued rise in tariff barriers, especially trade frictions triggered by geopolitical disputes around Greenland and other regions, further reinforce this trend, indicating that the international community’s doubts about the dollar’s dominant position are expanding.

Long-term Impact of the De-dollarization Wave

Ray Dalio believes that this series of changes will profoundly reshape the global economic landscape. The loosening of the US dollar’s reserve currency status could drive the transfer of global economic leadership to emerging powers (especially China), marking a major geopolitical-economic shift in the 21st century.