Browsing: Debt

As US federal debt tops $40 trillion for the first time, there is renewed debate over whether mounting government borrowing could strengthen Bitcoin’s case as a scarce, non-sovereign asset.

The tab has more than doubled from roughly $19.95 trillion when U.S. President Donald Trump first entered office in January 2017. More telling, Washington piled on the latest $1 trillion in barely five months after federal debt cracked $39 trillion in March.

22h05 ▪8min read ▪ byMikaia A. Getting informed▪Bitcoin (BTC)Summarize this article with:

The pace of America’s debt accumulation has become a story unto itself. The country’s first trillion dollars of debt took 192 years to accumulate, arriving in 1981. The next trillion came faster each time, i.e. five years to go from $5 trillion to $10 trillion by 2008, then just five years to climb from $20…