Analysis
Many in and beyond the crypto industry believe that the political standoff around the debt ceiling increase makes digital assets more attractive in the long run.
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National Debt News
National debt is a public debt carried by the federal government of the country. National debt is a result of the financial borrowing of the country made to cover a deficit in the budget. There are two kinds of national debt, such as internal — which means the creditors are the residents of the country — and external — which means the creditors are from other countries. The first country in the world in terms of their national debt is Japan, and the country having the largest external national debt is the U.S. The U.S. national debt can be seen on the U.S. debt clock, set in the center of New York. In terms of cryptocurrency, Bitcoin — in some countries with a large national debt — was used as a way to store the value of money. Moreover, some countries use Bitcoin to pay its national debt.
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Bulgaria has seized enough Bitcoin to pay off ⅕ of their national debt.
46152 US Senate budget committee wants to add $1.5 tln to national debt - Bitcoin is a bubble?
44881As the total debt of the US federal government surpassed it’s all time high record with $19,659,460,647,160.83. Bitcoin is proving to be one of the very few alternatives for financial protection.
916America’s national debt has spiraled out of control, now worth several thousand times Bitcoin’s total value as the country may be heading for another recession.
867National debt and central banking slowly drain people of wealth. What if, instead of national debt, we were able to use cryptocurrency to give people equity?
472Puerto Rico has defaulted on $800 million of its general obligation bond debt, with no plans on paying it back. Smart investors go with Bitcoin instead.
922Greece debt crisis appears to have been averted, or at the least delayed. A €50 billion bailout package has been offered, if the Greek parliament agrees to implement extensive reforms that have been demanded by the eurozone.
2182Puerto Rico, a commonwealth estimated to have roughly US$72 billion in debts, announced this week that the accumulated debt simply cannot be paid.
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