Janet Yellen Quietly Admits Serious U.S. Dollar Collapse Fears As Trump Primes Bitcoin For A $4 Trillion Price Surge (www.forbes.com)

submitted 4 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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[-] Idliketothinkimsmart@lemmygrad.ml 14 points 3 months ago

Bitcoin...which is valued in dollars?

[-] yogthos@lemmygrad.ml 10 points 3 months ago

I think the key there is that US doesn't control trade of bitcoin the way they do swift. Any country can send bitcoin to any other country as a form of settlement, and there's nothing US can do about it.

[-] Shinhoshi@lemmygrad.ml 8 points 3 months ago

Crucially, it's valued in other currencies too, and not just printed by the USA

this post was submitted on 15 Jul 2024

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