The bulging US debt situation is worsening as the nation battles overflowing debt numbers on all frontiers. The United States is currently busy handling a bleeding debt crisis on its hands that, if left uncontrolled, has the potential to paralyze the nation from all sides. Also Read: Ripple: After Reaching $1, XRP Predicted to Hit…
Bitcoin could solve America’s debt problems. MicroStrategy CEO Michael Saylor has proposed a plan to cut $16 trillion from the national debt through Bitcoin purchases. The U.S. currently faces a $33 trillion debt that needs urgent solutions. Also Read: De-Dollarization Enters South America? China to Build a Megaport Worth $3.6 Billion Michael Saylor’s Bold Bitcoin…
The US economy is currently experiencing tough times. The nation’s economic anatomy is at a crossroads, and the bulging US debt ceiling continues to be a pressing issue. At the same time, the US housing woes are also deepening, with new metrics indicating that young people cannot afford to own a house in the States…
The U.S. debt has hit $35.7 trillion, pushing Elon Musk to warn of a financial emergency. Bitcoin prices have jumped above $67,000 as more investors turn to it as a safe haven. The growing financial emergency deepens as interest payments consume more monthly tax money. Also Read: Nvidia (NVDA) Outshines Apple, Stocks Rally Hard As…
The US dollar is once again in the news, primarily because it continues to fuel speculation about whether it will be able to keep up with the current multipolar world order. As the majority of countries vow to promote their local currencies, the US dollar is now standing at a very precarious threshold. In addition…
The US debt scenario seems to be inflating with each passing second. The debt statistics have ballooned like any other metric recently, adding significant stress to the already overloaded US dollar. Also Read: US Stock: Warren Buffett Is Dumping Apple For This Precious Oil Stock The US Debt Stats Now Stand At $37.5T Image Source:…
Matt Hougan, CIO of Bitwise, one of the world’s largest crypto fund managers, referred to the value of bitcoin as a hedge against the U.S. debt and the decline of the dollar. In social media, Hougan stated that bitcoin was an instrument that allowed investors to put funds in the market taking public debt into…
Robert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often…
Americans are now holding more household debt than ever before. According to a report from the New York Fed, U.S. credit card debt is soaring and touched a high of $1.14 trillion this quarter of 2024. Apart from household and lifestyle debt, credit card transactions also include spending on student loans, mortgages, and home equity…