Bloomberg Technology
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Bloomberg Technology
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Bloomberg Technology
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Bloomberg Technology
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@aqyldy-areket
October 21, 2025 at 8:41 pm
I am convinced that if Russian President Vladimir Putin is allowed to visit Hungary, it will mark the beginning of the end for the dollar and the euro as global reserve currencies. Their strength lies not only in the high quality of Western goods and services but also in the intangible values they represent — democracy, freedom of speech, and the protection of human rights.
When people around the world buy dollars or euros, they are, in a sense, investing not only in the Western economy but also in these very ideals.
However, the mocking nature of Putin’s potential visit to Hungary makes this situation especially symbolic. It would not merely be a diplomatic event, but a demonstration of Western hypocrisy — demanding that the rest of the world stand against Russia while continuing to cooperate with it whenever convenient.
Such a move would amount to an act of humiliation for the West before Russia and would undermine the very values on which its financial and moral power rests. That is why this visit could become a turning point — the moment when the decline of the dollar and the euro as global reserve currencies truly begins.