The discussion around the #American_National_Debt has recently increased, reaching unprecedented historical levels, exceeding 34 trillion dollars! This figure raises concerns among investors in global markets, especially as the U.S. government continues to print money to finance the deficit.
What is the impact of this on the cryptocurrency market? Simply put, when debt increases and confidence in the dollar weakens, investors seek safe havens, like gold and Bitcoin (BTC$). This is why we notice that every debt crisis drives cryptocurrencies up, as they are seen as hedges against inflation and the loss of value of fiat currencies.
Will the American debt be the next reason for Bitcoin's rise? Or is there a bigger crisis looming on the horizon?