The official fiat currency of the United States, serving as the world's primary reserve currency.
1 take · first discussed Jan 10, 2026
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
Among the hosts, only Jason has offered a view on the US dollar, making it his pick for the worst-performing asset of 2026 with medium conviction. He argues that unrelenting debt expansion — roughly $2 trillion in additional debt — combined with a potential 50% increase in military spending will sustain structural debasement pressure on the currency. No other hosts provided a thesis on the dollar, so there is no disagreement or corroboration from Chamath, Friedberg, or Sacks to note. Jason's stance is straightforwardly bearish, centered on fiscal deterioration rather than any near-term macro catalyst.
Jason predicts the US dollar will be among the worst-performing assets in 2026 due to continued debt expansion (~$2T added), potential 50% military budget increase, and ongoing debasement driving capital toward gold, silver, and copper.
I went with the US dollar in different permutations of how you can buy it because our debt continues to grow unabated... I just think it's going to be hard for the USD because we're talking about... we're going to add $2 trillion in debt”1:11:53