Source: BeInCrypto ↗
US Debt Hit $40 Trillion. So Where Is Bitcoin’s Debasement Trade?
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What the source reports
US federal debt has crossed $40 trillion. The government is still running a deficit close to 6% of GDP. Long-term borrowing costs remain high. Yet Bitcoin is trading near $80,000, roughly 37% below its record high from last year. That creates an awkward question for one of Bitcoin’s oldest macro narratives. If rising debt andThe postUS Debt Hit $40 Trillion. So Where Is Bitcoin’s Debasement Trade?...
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