Treasury Secretary Quietly Admits Serious U.S. Dollar Collapse Fears as Trump Primes Bitcoin for a $4 Trillion Price Surge

U.S. Treasury secretary Janet Yellen has warned countries around the world are moving away from the U.S. dollar—as the spiraling $34 trillion U.S. debt pile fuels fears of collapse—with bitcoin and crypto slowly chipping away at dollar dominance.

The bitcoin price has rocketed over the last year, climbing despite a “critical” Federal Reserve warning, and helped by bettors who are increasingly confident former U.S. president Donald Trump will retake the White House in November.

Now, as the radical Project 2025 policy plan puts bitcoin on a collision course with gold, Yellen has said she fears U.S. financial sanctions will reduce the role of the dollar around the world, as Russia encourages the use of bitcoin and crypto.

“We have very powerful sanctions that are available because of the important role of the dollar in international transactions,” Yellen told U.S. lawmakers on the House financial services committee this week.

“The more we have used sanctions, the more countries look for ways to engage in financial transactions that don’t involve the dollar.” (Read more from “Janet Yellen Quietly Admits Serious U.S. Dollar Collapse Fears as Trump Primes Bitcoin for a $4 Trillion Price Surge” HERE)