The US Treasury Secretary finally told the truth!

US Treasury Secretary Yellen made a public statement! ! The whole world is thinking about the substitute of the US dollar, because the astronomical debt of 34 trillion US dollars in the United States has made everyone sweat! The rise of Bitcoin and cryptocurrencies has brought unprecedented challenges to the position of the big brother of the US dollar! ! !

The dollar has been in the limelight on the international stage and has been sitting on the Diaoyutai for many years. This is all because of the strength of the US economy and the status of the US dollar as the boss in the global financial system. However, some countries are now starting to want to do something new, reserve more currencies, and not put all their eggs in one basket. This is also a trend! ! !

As for the US government debt, it is really an astronomical figure, but the US economic system is still able to bear it. By borrowing money to build, distribute welfare, and strengthen national defense, this routine is played well, and it also keeps the world confident in the US dollar! !

Although Bitcoin and cryptocurrencies are gaining popularity, and their decentralized and anonymous trading features are attractive, the market is volatile and the regulation is unclear. If they want to replace the US dollar, they will have to wait and see.

Aunt Yellen's concerns are actually a signal that the global currency structure may change. Whether the dollar will fall or be overshadowed by other currencies, this matter needs to be observed slowly. After all, the global economic chess game cannot be played overnight! ...