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Topic: Every time a new Bitcoin Block is found, US prints $69 million!!! - page 3. (Read 385 times)

legendary
Activity: 3430
Merit: 10504
If you ever doubted why you should buy Bitcoin, here is a scary image for you:


This is what a no-cap currency looks like. Printed non-stop and out of control. Things are getting worse with US economy even if it doesn't look like it on paper. US government that has long ran out of money to spend while continues having rising costs is now going nuts with the printers.  Shocked

Every 100 days the US national debt is increased by over a trillion dollar! That is about $69 million every time we find a new Bitcoin Block (ie. 10 minutes on average) and "print" 6.25BTC which is worth only about $400k.

I'll leave it to you to calculate the intrinsic value of Bitcoin when measured in US dollar.... it definitely is not $67k or even $100k!

Here is something you could read: https://www.cnbc.com/2024/03/01/the-us-national-debt-is-rising-by-1-trillion-about-every-100-days.html


P.S. This also highlights the importance of dedollarisation for the rest of the world, by the way.
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