Rising U.S. National Debt Is a Ticking Time Bomb Only Bitcoin Can Fix

Rising U.S. National Debt Is a Ticking Time Bomb Only Bitcoin Can Fix
фото показано с : beincrypto.com

2019-12-16 16:19

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.

The US stock market is at an all-time-high and Trump is happy to point that out.

What he fails to mention is that the the US national debt is also at an all-time-high. See image below to get mind blown.

If I borrow $300,000 to buy a Ferrari, I'll LOOK very rich, same thing. pic.twitter.com/c9IUWkKNHm

— The Moon (@themooncarl) December 13, 2019

 

Currency Manipulation Is to Blame

So, what can be done about it? How does Bitcoin, a currency which was created as a means of helping people and countries escape a repeat of the 2008 financial crisis, fix this?

It’s critical to understand one of the several reasons why the global economy is in such a mess: currency manipulation. Several countries have sought to print more cash in a bid to stimulate wealth and growth, thus dropping the value of their currency. Others have outrightly devalued their currencies, with the same objective coming to mind.

Although devaluation does help to provide better trade situations, it also reduces the purchasing power of fiat currencies and causes a reduction in real wages.

Bitcoin as a Fix

Bitcoin essentially provides a haven against monetary indiscipline. It’s been touted up there with alternative assets such as gold, but its finite supply and imperviousness to manipulation give it the upper hand.
But Bitcoin is better than gold due to the supply. Every year, around 3,300 tons of gold is produced – about $200 billion worth that must be absorbed by buyers. Bitcoin, on the other hand, has a limited supply, and those who create it get reduced compensation every four years. This reduction comes through an event called halving.

Bitcoin’s price is primed for a bullish run due to the next halving event coming up in May 2020. By buying Bitcoin now, you could be getting yourself ready to make some significant gains.

Images are courtesy of Twitter, Shutterstock.

The post Rising U.S. National Debt Is a Ticking Time Bomb Only Bitcoin Can Fix appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67683.37 (+0.11%)
Объем 24H $22.241b
Изменеия 24h: -1.34 %, 7d: -2.07 %
Cегодня L: $67187.68 - H: $67751.43
Капитализация $1333.794b Rank 1
Цена в час новости $ 7083.16 (855.55%)

rising percent economy bitcoin debt national pose

Источник: beincrypto.com

rising percent → Результатов: 96


How Bitcoin dominance could retrace and trigger an altcoin bull market

In 2019, Bitcoin decoupled from the rest of the crypto market, with its dominance rising to 70 percent for the first time since December 2017. Will the trend continue, or will the pioneer cryptocurrency reach an exhaustion point that triggers a renewed “altseason?” Market dominance Bitcoin’s rise to dominate began in December of 2018.

2019-8-16 07:56


Dow, S&P 500, Nasdaq Smash All-Time Highs in Record-Breaking Day

The Dow Jones Industrial Average closed out at an all-time high today at 26,966, as did the S&P 500 at 2,995.82, and the Nasdaq at 8,170.23 – just shy of its intraday high. The Incredible Rising Stock Market The Dow Jones is now up 43 percent since Election Day of 2016, reflecting the country’s optimism […] The post Dow, S&P 500, Nasdaq Smash All-Time Highs in Record-Breaking Day appeared first on CCN Markets

2019-7-4 07:32


Generation Debt: Shock Data Expose How Broke Millennials Really Are

By CCN: Piles of student debt, an underperforming job market, and a rising cost of living are pushing millennials’ average net worth down, and down fast. According to an eye-opening Deloitte study on consumer behavior: “Millennials are dramatically financially worse off than previous cohorts with a 34 percent decrease in their net worth since 1996.

2019-6-6 17:35


Фото:

Argentina Central Bank’s Inability to Stop Inflation is Forcing People to Bitcoin

As Argentina’s inflation rate skyrockets to its highest level since 1992, people are increasingly turning to Bitcoin as an alternative. Inflation in Argentina Surpasses 54 Percent Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent.

2019-4-18 01:00


Фото:

Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software

This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.

2019-4-2 21:54


Ethereum May Surge 35% to $200 in Near-Term; What Will Fuel It?

Throughout the past month, the price of Ethereum (ETH) increased from $126 to $140, by more than 11 percent against the U. S. dollar. Similar to how several strategists expect the bitcoin price to increase substantially if it breaks the $4,200 resistance level in the near-term, traders foresee Ethereum rising to as high as $200 if it rebounds over crucial levels.

2019-3-31 13:29


дальше еще 47 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How Crypto is Shaping Professional Sports

Crypto sector observers believe it's only a matter of time before all major sports apps accept Bitcoin and other major cryptocurrency. That prediction carries weight as we're already seeing crypto impact the professional sports industry at every level - here's how.