Former US President Donald Trump has expressed his concerns about the state of the US dollar on his social media platform, Truth. Trump believes that the Chinese yuan could potentially replace the US dollar as the world's top currency, which he says will likely happen during President Biden's time in office.
In a recent tweet, he stated that this would be the "biggest defeat" in America's history and it's happening quickly.
It's worth mentioning that numerous countries are moving away from the US dollar. The Malaysian Prime Minister recently stated that there's no need to rely on the dollar anymore. In Russia, the Chinese yuan has already surpassed the dollar as the most traded currency, and even the ASEAN nations are contemplating abandoning the dollar for settlements.