Buffet said in 2015 that the U.S. dollar will remain the world’s reserve currency for another 50 years. Therefore, according to the famed investor, the U.S. dollar will remain the de facto global currency until 2065 or more. “We are the reserve currency. I see no option for any other currency to be the reserve currency,” predicted the billionaire.
“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 about how confident he is with the prediction, Buffet said, “Nothing certain. But I would bet a lot of money on that one.”
The ace investor said that not even the Chinese Yuan will come close to challenging the U.S. dollar. “I think China and the United States will be the two super economic powers. But I think it’s extremely unlikely that any currency supplants the U.S. dollar as the world reserve currency for many decades, if ever,” he summed it up.