The DoubleLine Capital boss trumpeted commodities and emerging markets, but sounded more bearish about stocks.
A new paper by the Federal Reserve detailed two other risks to the dominance of the US dollar: Europe's integration and China's rise.
Jerome Powell has said CBDCs would negate the need for stablecoins, but other observers say a digital dollar would complement other cryptocurrencies.
"They may be fake. Who knows what they are?" Trump said. "They certainly are something that people don't know very much about."
The billionaire 'Bond King' has been bearish on the dollar for quite some time.
Coinbase said it didn't update its claim USDC is "backed by a dollar in a bank account" fast enough after reserves were widened -a move now reversed.
Facebook executive David Marcus says the Novi wallet will offer cheap and accessible digital payments
So-called hyperbitcoinization could take place as early as 2035, according to Finder.com, which surveyed a panel of crypto experts.
Bitcoin will have have the same status as the country's current national currency, the US dollar, and will not be subject to capital gains tax.
A 'transitory tantrum', if inflation is lower than expected, would prompt a sell-off in securities that protect against inflationary pressures, says Morgan Stanley.
"Cash has been trash for years, but soon it may be the only haven for investors sated beyond reasonable expectations of perpetually low yields."
Gold prices rose to a three-month high Monday morning as investors flocked to the asset amid the Fed's stimulative monetary policies.
The dollar index fell 2.5% in April, the most since July 2020. Analysts pointed to a brighter global outlook and the Fed's low interest rates.
The People's Republic of China has become the first major economy to create a digital currency. Real-world trials are already underway.
The PayPal and Palantir cofounder made the suggestion during a discussion about China disliking that the US dollar is the world's reserve currency.
Bullard said in an interview that most investors still want a "stable store of value" and a "safe haven," characteristics he says are not yet present in cryptocurrencies like bitcoin.
David Zervos, the chief market strategist at Jefferies, told CNBC on Monday the dollar’s rise alongside the stock rally indicates that a real economic recovery independent of the Fed is underway. The S&P 500 rose to a record intraday high on Monday, while the dollar index jumped as much as […]
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