This One Trillion Dollar Factor Will Boost Bitcoin Sky High In the Long Run

Thanks to its hard monetary policy and lack of national affiliation, Bitcoin has been described by many as the perfect hedge against global economic uncertainty. Around the world, the questionable policies of central bankers create new reasons for people to turn to the cryptocurrency every day.

Even the largest economies are vulnerable to extreme mismanagement. The US deficit is growing faster than ever before and analysts believe it will continue doing so. This could act as a powerful incentive for more folks to research Bitcoin.

US Government Deficit Expected to Hit $12.2 Trillion by 2029

The US government is spending more than it brings in. This is nothing new, of course, and is the case with most national governments. However, the US Congressional Budget Office estimates that the Trump Administration ran a deficit as high as $960 billion in 2019. The outlook for the future is no less bleak either. The agency expects the government to borrow more than $1 trillion dollars every year…