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Warren Buffett Expresses Disappointment Over Dollar Depreciation: Don't Want To Own Assets In A Currency That Is 'Really Going To Hell'

Rishabh Mishra
May 06, 2025

The Oracle of Omaha, Warren Buffett, during the 2025 Berkshire Hathaway Annual Meeting, expressed his disappointment over the depreciating U.S. dollar and said that no one would want to hold assets in a currency that was falling in value.

What Happened: Talking about the U.S. dollar, Buffett said, “You wouldn’t want to be owning anything that we thought was in a currency that was really going to hell. And that’s the biggest thing we are worried about United States currency.”

“I mean, the tendency of our government to want to debase its currency over time, there is no system that beats that,” he added, criticizing the government’s stance on a weaker dollar.

Buffett also underscored his concerns about the fiscal policy.

“You can pick dictators, you can pick representatives, you can do anything. But there will be a push toward a weaker currency. And of course, fiscal policy is what scares me in the United States because it’s made the way it is,” said Buffett.

See Also: US Dollar Depreciation Is Cushioning ‘The Impact Of Tariffs On Corporate Profits,’ Says Expert

Why It Matters: Analysts have criticized the U.S. government’s attempt to weaken the U.S. dollar in their analyses. Commentary from Chatham House expert David Lubin pointed out a "view of some within the Trump administration that the reserve currency status of the dollar is more of a burden to the U.S. economy than a blessing."

According to him, the government’s “policy push" aims to weaken the dollar permanently against other currencies, hoping to reduce the trade deficit and attract manufacturers to the U.S.

However, Lubin strongly cautions against this approach, arguing that "if the international monetary system cannot rely on the dollar’s full convertibility, or its availability in a crisis, it is entering unknown territory. Undermining the dollar’s global status would not only transmit huge amounts of additional uncertainty to the global economy, but would be a needless act of self-harm for the U.S."

Price Action: As of the publication of this article, the U.S. Dollar Index Spot was 0.11% lower at the 99.7200 level. It has fallen by 8.02% on a year-to-date basis.

Whereas, the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell on Monday. The SPY was down 0.57% to $563.51, while the QQQ declined 0.59% to $485.93, according to Benzinga Pro data.

In premarket on Tuesday, SPY declined 0.61% and QQQ was down 0.84%.

Read Next:

  • Uber Could Win The ‘Robo Taxi War,’ Says Expert: Analyst Predicts 75% Gains On Ride Hailing Cost Drop

Photo courtesy: mark reinstein / Shutterstock.com

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