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

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Chamath Palihapitiya
Chamath Palihapitiya.

Brendan McDermid/Reuters

The dollar's dominance on the world stage isn't going away. Here's why.

Tech Insider

Happy Friday eve, readers. I'm Phil Rosen. As a financial journalist, I'm always trying to distill complex ideas into plain language (for my own understanding as much as yours). 

As for Opening Bell, I've found it helpful to remember that the stock market operates as a zero-sum game.

Like poker or chess, one player's win means another player's loss. 

There are 3 big reasons why the dollar's dominance against other currencies won't be waning anytime soon

Tech Insider : Economy
US dollar printing
The dollar is the most important currency in the world.

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Here's why experts say Russia and China's attempts to 'de-dollarize' global markets are going nowhere

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Vladimir Putin Xi Jinping
Russia and China have deepened ties since the invasion of Ukraine.

ALEXEI DRUZHININ/Getty Images

ChatGPT predicts US dollar dominance will give way to a multipolar currency system as China's yuan gains influence

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Dollar vs. Yuan

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Russia's growing use of China's yuan is no threat to the dollar, and it could end up hurting Moscow's economy, think tank says

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Russia Vladimir Putin China Xi Jinping BRICS
Chinese President Xi Jinping with Russian President Vladimir Putin.

REUTERS/Wu Hong/Pool

US stocks fall and bond yields jump ahead of speech from Fed chief Powell

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Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange

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China's yuan will end US dollar dominance and create a bipolar currency system in the next decade, says 'Dr. Doom' Nouriel Roubini

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Cutout of Joe Biden and Xi Jingping facing each other with a ripped split down the middle.

Lintao Zhang/Getty; Anna Moneymaker/Getty; Katsumi Murouchi/Getty; Anna Kim/Insider

Russia is smashing open its $45 billion piggy bank of Chinese yuan as energy revenue crashes

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Russian President Vladimir Putin meets Chinese President Xi Jinping at BRICS Summit in Brasilia
Russian President Vladimir Putin and Chinese President Xi Jinping.

Mikhail Svetlov/Getty Images

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