Doomsayers think the US dollar is under threat. They’re wrong.

• Doomsayers have warned that the US dollar is under threat.
• They think that the greenback’s share of international reserves will dwindle as countries turn to alternatives like the Chinese yuan.
• Here’s why they’re probably wrong about the de-dollarization movement.

A growing number of doomsayers think that the US Dollar is under threat from rival currencies.

That includes top economists Mohamed El-Erian and Paul Grunewald, both of whom have warned about the greenback’s longer-term health in recent weeks, as well as Tesla CEO Elon Musk (who, based on his previous takes on currencies, might be better off sticking to tech).