E18 - Why De-dollarization Matters to the World Part 2 [PODCAST]

Jordi Visser and Mike Edwards

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In the second part of this two-part series on de-dollarization, G3, CIO Jordi Visser and Deputy CIO Mike Edwards convene to discuss the role of the dollar in the emerging technology battle between China and the US, how crypto may figure into a de-dollarizing world, and the scenarios under which the dollar can reassert itself globally. The conversation begins with an in-depth discussion on how the technological battle between the US and China is connected to efforts by both superpowers to assert the role of their respective currencies. In analyzing the current state of play, Mike discusses China’s potential supremacy in the area of quantum computing and reminds us that China has a greater ability to think long-term when it comes to using technology to advance its currency. Additionally, now that VC dollars have filtered throughout the world and are significantly less invested in the US than in the 1990s, Jordi maintains that the blockchain will be disruptive to all incumbents, especially mega-cap technologies companies.

To better understand what will likely cause de-dollarization rates to hasten, Jordi describes a three-pronged scenario in which oil prices continue to climb until climate change is resolved, inflation rates in the US will exceed global norms, and how Web 3.0 will accelerate blockchain competition. To conclude the conversation, G3 quizzes Jordi and Mike on some greenback trivia.

To delve deeper, please listen here and subscribe to In Search of Green Marbles wherever you get your podcasts.

Resources:

  1. The US-China race for quantum supremacy
  2. How Big Tech is slowing innovation
  3. The rise of using cryptocurrency for business
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Important disclosures: Disclosures: This content (the "Insights Page") is provided by Weiss Multi-Strategy Advisers LLC ("Weiss"). The views expressed on the Insights Page are for informational purposes only and are subject to change without notice. Information on the Insights Page has been developed internally and is based on market conditions as of the date of the original post on the Insights Page from sources believed to be reliable. Nothing on the Insights Page should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to buy or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. Please consult your own advisers regarding business, legal, tax, or other matters concerning investments. Weiss has no control over information at any external site hyperlinked on the Insights Page. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement or ongoing monitoring by Weiss of any hyperlinked site. Investing in securities is speculative and involves substantial risk of loss.