US Debt Hit $40 Trillion. So Where Is Bitcoin’s Debasement Trade?
US federal debt has crossed $40 trillion. The government is still running a deficit close to 6% of GDP. Long-term borrowing costs remain high. Yet Bitcoin is trading near $80,000, roughly 37% below its record high from last year. That creates an awkward question for one of Bitcoin’s oldest macro narratives. If rising debt and The post US Debt Hit $40 Trillion. So Where Is Bitcoin’s Debasement Trade? appeared first on BeInCrypto.
Key Takeaways
- US federal debt has crossed $40 trillion.
- The government is still running a deficit close to 6% of GDP.
- Long-term borrowing costs remain high.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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