Posted 10/4/2023, 7:51:09 PM
U.S. Debt Soars Past $275B in One Day While Bitcoin Holds Steady for Long-Term Growth
- U.S. government added $275 billion in debt in one day, more than half of Bitcoin's market cap
- Debt levels haven't been this high relative to GDP since 1940s according to macro analyst
- Rising debt levels were offset by falling interest rates for decades, but that may be ending
- Bitcoin benefits from global liquidity increases, macro analyst sees next uptick in 2024-2025
- Current bear market and upcoming Bitcoin halving are positive for long-term Bitcoin accumulation
