{"id":19657,"date":"2023-04-09T23:55:52","date_gmt":"2023-04-09T23:55:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-dollar-could-lose-most-of-its-value-in-5-years-investment-manager-warns-bitcoin-news\/"},"modified":"2023-04-09T23:55:52","modified_gmt":"2023-04-09T23:55:52","slug":"us-dollar-could-lose-most-of-its-value-in-5-years-investment-manager-warns-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-dollar-could-lose-most-of-its-value-in-5-years-investment-manager-warns-bitcoin-news\/","title":{"rendered":"US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five to 10 years. Following the onset of the Russia-Ukraine war, \u201cthe U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves, and that sent the message to every other country in the world that \u2018Hey if the U.S. doesn\u2019t like what you\u2019re doing, they can grab your money,’\u201d the executive described.<\/strong><\/p>\n

Investment Manager Expects U.S. Dollar to Lose Most of Its Value in 5-10 Years<\/h2>\n

Larry Lepard, investment manager and founder of Equity Management Associates (EMA), shared his prediction about the demise of the U.S. dollar in an interview with Kitco News, published Wednesday. He said:<\/p>\n

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I\u2019m very comfortable saying the dollar will effectively be restructured or have lost most of its value within 10 years, and I think, frankly, it could even be shorter than that. My kind of median guess is about five years.<\/p>\n<\/blockquote>\n

The executive then explained how he came up with his prediction: \u201cI base that on looking at history and other currency events in other countries and kind of watching the patterns of how long it takes.\u201d<\/p>\n

Lepard detailed that following the onset of the Russia-Ukraine war, \u201cthe U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves, and that sent the message to every other country in the world that \u2018Hey if the U.S. doesn\u2019t like what you\u2019re doing, they can grab your money.’\u201d He added:<\/p>\n

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That kind of started us on what I view as the next round of currency debasement \u2026 and we\u2019re now seeing the everything bubble slowly but surely deflate.<\/p>\n<\/blockquote>\n

The investment manager proceeded to discuss inflation. \u201cWe have a lot of inflation and sadly it\u2019s only going to get worse,\u201d he stressed. For safe haven assets, he recommends gold and bitcoin, seeing them both as \u201csound money.\u201d<\/p>\n

Lepard continued: \u201cThe average investor in the United States has been told: \u2018Buy stocks, buy bonds, don\u2019t worry about the currency.\u2019 I think that\u2019s a big blind spot because I think the currency has a great, great risk of serious debasement, and that the average investor who\u2019s in a 60-40 portfolio, if they don\u2019t hold gold and they don\u2019t hold bitcoin, they\u2019re going to really suffer in the next 10 or 15 years.\u201d He further cautioned: \u201cIf they hold a lot of bonds, they\u2019re going to get wiped out because I think the odds of the bonds maintaining their real purchasing power are extremely low.\u201d<\/p>\n

Noting that politicians change rules to suit themselves, such as when they bailed out failed Silicon Valley Bank and Signature Bank, Lepard warned that \u201cyou can\u2019t trust a word\u201d those in control of the fiat currency say \u201cbecause everything they do is crafted to keep themselves in power, to keep the system which puts money in their pocket running.\u201d However, he stressed that each time those in power change the rules, \u201cmore and more people are waking up\u201d and finding alternatives to the U.S. dollar.<\/p>\n

What do you think about the warnings and predictions by Larry Lepard? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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