The US will continue to grow its debt.
It is kind of like a bully borrows money and does not pay back. It simply borrows from someone else.
I see the us debt growing beyond 35 trillion over the next 10 years.
Topic: Can Bitcoin save U.S. from its rising national debt? - page 3. (Read 497 times)
This particular topic has a great influence from the political sector as whatever the US government does will significantly impact the price of the dollar. For once, the US would be the last of the nations to be worried about its national debt because of its role in the current world politics and yet Bitcoin wouldn't necessarily be that big of a detrimental factor towards paying off debts.
Bitcoin will just be another option for wealth preservation, alongside gold and silver. Nothing can save the dollar - they will have to shove it under the bus. The US is capable of self-sustenance, so it will have to create an alternative. This will probably be crypto based, but with the potential for government control.
I don't think bitcoin would have any significant role in decreasing the national debt of United states as many other countries have won US on individual holding and use of Bitcoins. A trade deal with China and Europe and US would again come to spotlight for economic growth.
Actually the national debt of US is not as serious compared to the economy.
Actually the national debt of US is not as serious compared to the economy.
The U.S. economy grew by 2.1 percent in the Q3 2019 as compared to an expected rate of 1.9 percent. But, behind the growth is a problem that no one is talking about: rising national debt. Could Bitcoin pose as a solution?
As cryptocurrency researcher The Moon (@themooncarl) revealed on Twitter, the American economy might look strong, but its debts have continued to rise. Data from the U.S. National Debt Clock shows that the national debt currently stands at a staggering $23.116 trillion. The Trump administration was overly fixated on growing the American economy and claiming bragging rights. They obviously had no qualms driving the country into more debt to achieve that goal.
Read the full news here
A ticking time bomb? Sounds to me that I can agree with that statement!
Of course, US president Donald Trump is rejoicing that the stocks is at its all-time high. But he forgot one thing.
Their national debt continues to rise, and I highly no doubt that it gets even worse in the next few years or so.
Now I have a question to all of you here. Do you honestly think that only Bitcoin can fix this “ticking time bomb” in the United States?
I would like to hear out your reactions or opinion about this one guys. Happy Sunday everyone!
As cryptocurrency researcher The Moon (@themooncarl) revealed on Twitter, the American economy might look strong, but its debts have continued to rise. Data from the U.S. National Debt Clock shows that the national debt currently stands at a staggering $23.116 trillion. The Trump administration was overly fixated on growing the American economy and claiming bragging rights. They obviously had no qualms driving the country into more debt to achieve that goal.
Read the full news here
A ticking time bomb? Sounds to me that I can agree with that statement!
Of course, US president Donald Trump is rejoicing that the stocks is at its all-time high. But he forgot one thing.
Their national debt continues to rise, and I highly no doubt that it gets even worse in the next few years or so.
Now I have a question to all of you here. Do you honestly think that only Bitcoin can fix this “ticking time bomb” in the United States?
I would like to hear out your reactions or opinion about this one guys. Happy Sunday everyone!
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