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Economist and best-selling author Nassim Taleb says a single asset has overtaken the US dollar’s position as the world’s de facto reserve currency. In a new interview with Bloomberg, the Black Swan author says that the US dollar has lost its status as a reliable safe-haven asset, noting that people prefer to invest in the stock market rather than hold a currency that declines in value over time. He also says that America’s sweeping sanctions against Russia for its invasion of Ukraine marked the beginning of the end of the dollar’s reign as the world’s reserve currency. According to Taleb, gold is now the world’s reserve currency, highlighting that the dollar’s credibility eroded after America and its allies weaponized the USD.