The post Will the US dollar really be able to keep its crown forever? appeared on BitcoinEthereumNews.com.

The dollar has ruled global finance for a century. But now, it’s being tested—from all sides. BRICS nations are building alternatives. Bitcoin is becoming more accepted, with America ironically leading the charge. And what’s more, inside the U.S. itself, the very system that gave the dollar its power is being chipped away. This isn’t a hypothetical risk. The pressure is real, growing fast, and touching every piece of the dollar’s foundation. Economists often point to big numbers—U.S. GDP, deep financial markets, high liquidity—to explain why the dollar leads. But those numbers don’t tell the full story. As historian types will tell you, power doesn’t just sit in graphs. People built this system. People can break it too. And the next people in charge might do just that. Warburg and White made the dollar global It started with Paul Warburg, a German-American banker who moved to the U.S. in 1902. He had worked in London, Paris, and Hamburg before marrying into the Kuhn, Loeb banking family. Warburg saw how London ran the show with trade credit and how the U.S. was dependent on sterling. That dependence didn’t sit well with him. He pushed for a central bank. Without it, the U.S. couldn’t promote the dollar internationally. Warburg said a U.S. central bank should buy dollar trade acceptances to help grow a market for dollar-backed credit. He even helped write the 1913 Federal Reserve Act after a secret meeting on Jekyll Island in 1910. In 1914, he joined the Fed Board and wrote the rules that let the Fed buy those credit instruments. By the 1920s, dollar-denominated trade acceptances were beating London’s. But the Fed pulled out of the market in the 1930s. Then came the banking crises. The dollar took a hit. Everything changed after WWII. That’s where Harry Dexter White…

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Filed under: News - @ March 22, 2025 3:14 pm