Amid the uncertainty facing the economy, and BRICS opposition, one finance expert has predicted a major US dollar crash to take place in 2025. Indeed, they note that the ongoing concern over the nation’s financial fragility is set to come to a head in the coming year. With has proven to be a crucial step backward.
The BRICS bloc has embraced de-dollarization for much of the last two years. It has not been shy about its hopes for a multipolar world. Moreover, it has contended with the Western dominance that has driven global economics for decades. With a crucial presidential election looming, one expert forecasts a host of factors to take a toll next year.
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US Dollar Crash Incoming? One Expert Forecasts the Worst to Come
Since 2022, there have been talks on the US dollar’s position. With the United States debt reaching $35 trillion, concerns were undeniable. Indeed, they were only made worse by the lack of a real plan to address such an issue. As new leadership is set to take over the Oval Office in November, there is little hope that such plans will develop.
Amid those realities and BRICS work to increase local currency promotion, one finance expert has predicted the US dollar will experience a major crash in 2025. Specifically, Peter Schiff took to X (formerly Twitter) to share the concerning prognosis. Moreover, he noted that the currency crash would precede an overall economic crash of its own.
“The dollar index closed at 100.67. The index could easily sink below 90 before year-end, challenging the 2020 low,” Schiff said. “I think that low will be breached in 2025, triggering a US dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.”
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Schiff has long been an advocate of Gold, which reached landmark highs throughout 2024. In a subsequent post, he noted that Bitcoin is another viable investment. He stated that the cyrpto got “the RFK [and] Turmp bounce.”
Although that forecast is grim, there is reality in his concern. The dollar’s dominance has fallen to notable lows according to the Atlantic Council. Its status as a reserve currency has gradually decreased since BRICS’ creation in 2001. That may only increase in the coming year.
The US economy is currently stable, but how long it remains that way is the crucial question. With so many outside forces working to diminish the currency, its resilience will be under a microscope. If not, Schiff may have predicted a troublesome reality coming to fruition.