Former IMF chief economist believes crypto is a rising threat to the U.S. Dollar’s dominance
American economist Kenneth Rogoff believes that the rise of crypto poses a threat to the hegemony of the U.S. dollar.
Rogoff previously served as the chief economist at the International Monetary Fund (IMF) and on the Federal Reserve Board. He is a published author and an economics professor at Harvard University.
In an interview with Bloomberg, Rogoff said that while the U.S. dollar is still the most dominant global currency, its influence is decreasing.
“I see it [dollar’s dominance] as in decline — it’s fraying at the edges where, of course, the renminbi is breaking free of the dollar, the euro is going to have a larger footprint — that’s been going on for a decade.”
One of the contributing factors, according to Rogoff, is…
