In the sense that all things end, sure. But for the forseeable future the dollar will be the world's reserve currency because 1) the US economy is still the biggest, and furthermore we have a big trade deficit and 2) the dollar is still the least worst currency out there.
People have been saying this for decades now. In 1999 the dollar was ~55% of the global foreign exchange reserves. In Q4 of 2025 it was at ~56%.
https://en.macromicro.me/collections/23654/dedollarization/1...
People have been right for decades
In the sense that all things end, sure. But for the forseeable future the dollar will be the world's reserve currency because 1) the US economy is still the biggest, and furthermore we have a big trade deficit and 2) the dollar is still the least worst currency out there.
It’s always been a matter of when.