De-dollarization concerns are a 'huge nothingburger' as alternatives like China's yuan are too tightly controlled, Chamath Palihapitiya says

• The growing use of yuan does not signal the end to the dollar's dominance, Chamath Palihapitiya said.
• The yuan's use has been expanding in global markets, as China looks to take on US financial strength.
• "Until [the yuan] is unpacked in a free floating currency, we will never know what the real market clearing price is."

Growing uncertainty about the dollar's dominance in global markets is largely misguided, and it's unlikely alternative currencies can take over, venture capitalist Chamath Palihapitiya said.

"This whole thing is a huge nothingburger," the so-called SPAC King said on a Friday episode of the All-In Podcast.