TL; DR
Full story
Would you look at that! History has just been made.
But not in a good way.
For the first time ever, the U.S. national debt exceeded $35 trillion – which amounts to more than $105,000 for every living person in the country.
That’s the bad news 👆
This is the good news 👇
The US’s rising debt burden could increase Bitcoin’s acceptance and truly cement it as a safe haven asset.
The less valuable the dollar becomes → the more dollars it takes to buy BTC → The rising price of BTC is (as always) its own advertisement.
Preferably, we never have to get to the point where Bitcoin’s merits are proven to the world thanks to the collapse of the dollar.
What we will say is this:
We are happy to have a ‘life raft’ available if such an event were to occur – one that cannot be manipulated and could be subject to the same fate as fiat currency.