Bessent's De-Dollarization Concerns Resurface Amid Treasury's Long-Bond Buyback Plans
Bessent had warned about the US dollar's decreasing role in global transactions and the rise of alternative currencies like gold and Bitcoin.
Some people worry that the US dollar might be used less around the world, and other things like gold or Bitcoin could become more popular instead. When you see countries or people moving away from dollars, it's a sign the world's money system might be changing in big ways.
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