Janet Yellen Issues Serious $34 Trillion Warning As Bitcoin Predicted To Surge To $1 Million Price

BitcoinBitcoin -1.4% has surged over the last year thanks to a Wall Street earthquake and soaring expectations of a Federal Reserve dovish flip.

The bitcoin price is currently trading at around $70,000 per bitcoin, up almost 400% from its post-FTX collapse lows in late 2022—with the market braced for what's likely to be a game-changing 2024 presidential election.

Now, after one legendary trader predicted the Federal Reserve will restart its money printer later this year, Treasury secretary Janet Yellen has issued a serious warning over the spiraling $34 trillion U.S. debt pile that some think could catapult the bitcoin price to $1 million over the next 18 months.