Ace investor Warren Buffett has shifted his outlook on the US dollar over the past decade as the BRICS nations gain a strong foothold. His statements on the US dollar were bullish during an interview in 2015. He also spoke highly of the USD in 2020, but by 2025, things had taken a dramatic U-turn.
Warren Buffett’s 2015 Prediction on the US Dollar (Before BRICS De-Dollarization)
During an interview in 2015, Warren Buffett remained bullish on the US dollar’s prospects, which was much before BRICS kick-started the de-dollarization agenda. He predicted that the US dollar would remain the world’s reserve currency for the next 50 years.
“I think the dollar will be the world’s reserve currency 50 years from now. I think the probabilities of that are very high,” he said. When asked how confident he is, Buffet said, “Nothing certain. But I would bet a lot of money on that one.” This statement from Warren Buffett on the US dollar was before BRICS took on the US dollar.
Also Read: BRICS Expands De-Dollarization: Chinese Yuan Lending Grows $480 Billion
Buffett’s 2025 USD Prediction in 2025
Fast-forward a decade to 2025, and Warren Buffett now remains bearish on the US dollar as BRICS gains a foothold. He questioned the work of the Federal Reserve and the White House and expressed disappointment with their financial policies. He also pointed out that investing in local currencies could prove beneficial in the long term.
The world’s top investor said that the USD is a currency that could soon go to hell. Warren Buffett cited the trade wars and tariffs against BRICS that could undermine the US dollar. “There could be things happening in the United States that make us want to own a lot of other currencies,” he said. “We would not really invest in a currency that is going to hell. Trade should not be a weapon. There’s no question that trade can be an act of war,” he summed it up.