US News

2045 readers

98 users here now

News from within the empire - From a leftist perspective

founded 5 years ago

MODERATORS

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

22 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Idliketothinkimsmart@lemmygrad.ml 14 points 4 months ago (2 children)

Bitcoin...which is valued in dollars?

[–] yogthos@lemmygrad.ml 10 points 4 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 4 months ago

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