Yellen Admits U.S. Dollar Collapse Fears as Trump Predicts Bitcoin Surge to $4 Trillion

PatriotR Daily News 7/17/24

July 17, 2024

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FINANCIAL NEWS

Yellen Admits U.S. Dollar Collapse Fears as Trump Predicts Bitcoin Surge to $4 Trillion

Janet Yellen warns that global reliance on the U.S. dollar is declining amid rising U.S. debt and increasing sanctions. Bitcoin and cryptocurrencies are gradually reducing dollar dominance, fueled by speculation that Trump will return to the White House and support crypto. Russia promotes crypto to counteract Western sanctions, and projections suggest Bitcoin could reach $200,000 by 2025. Read More.

ECONOMIC NEWS

Why Hundreds of U.S. Banks Could Be at Risk of Failing

Hundreds of small and regional U.S. banks are stressed, with 282 facing risks from commercial real estate loans and higher interest rates, according to Klaros Group. While most are not insolvent, they may cut back on investments, impacting communities. Deposit limits insured by the FDIC protect individuals up to $250,000. Read Now.

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