Brent Johnson: Dollar Strength Outlasts Collapse Forecasts

Brent Johnson, CEO of Santiago Capital and author of the Dollar Milkshake Theory, told @CryptoMichNL that dollar dominance will last longer than collapse advocates expect. Johnson stressed that imminent does not equal inevitable and warned traders betting against the dollar for eight years have lost money because things do not end simply because they should. He noted higher rates remain stimulative until a wall is hit, cited the 2022 dollar rally from 98 to 114 after the US froze Russian reserves, and highlighted that most nations still need the dollar even if they do not want it. Stablecoins, 99 percent of which are dollar-pegged, act as stealth expansion of dollar liquidity, and Johnson called the current environment the toughest in his 26-year career.