Billionaire venture capitalist Chamath Palihapitiya has downplayed concerns over the long-term decline of the US dollar, suggesting it is not an existential threat to the American economy. Speaking on the All-In podcast, Palihapitiya noted that while the US dollar index (DXY) suffered its worst first-half performance in over 50 years, dropping nearly 11% against major currencies in 2025, the depreciation is offset by gains in US assets. Palihapitiya argued that the dollar's decline has been a long-term trend, but the consistent appreciation of US assets has outpaced the currency's devaluation. He emphasized that as long as asset prices rise faster than the dollar loses value, the economic outlook remains positive. Additionally, he pointed to the ongoing demand for dollar-denominated assets, driven by American innovation and global influence, as a mitigating factor against the dollar's depreciation.