RATE Group | Bitcoin Becoming a Better Hedge as US National Debt Hits $22.5 Trillion
58003
post-template-default,single,single-post,postid-58003,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Becoming a Better Hedge as US National Debt Hits $22.5 Trillion

14 Aug Bitcoin Becoming a Better Hedge as US National Debt Hits $22.5 Trillion

Posted at 05:48h in Bitcoin News by

[ad_1]

Bitcoin can be many things depending on how it is used. A form of digital money, a trading vehicle for short term gains, a long term investment, or as we have seen more recently, a hedge against government instigated economic hardships.

US Debt Skyrocketing

According to statistics from usdebtclock.org the total US national debt has now hit a monumental $22.5 trillion. This shocking figure equates to over $68,000 of debt per citizen. The ratio of debt to GDP is now over 105 percent and does not look to be slowing down. There is an ever-increasing debt ceiling in the US as they spiral out of control which could trigger another financial crisis.

US debt

Source: usdebtclock.org

The US is not alone and government debt is out of control in most major global economies. Global debt has reached an all-time high of over $180 trillion. The US is one of many countries that have been using financial markets to borrow excessive amounts of money. The debt is so large now that governments cannot meet their…

[ad_2]

Source link

Tags:
, , , , , ,