The growth of the US national debt to $37 trillion and the increase in the share of tax revenues going to interest servicing raise questions about the sustainability of the financial system and trust in the dollar. This may increase interest in alternative assets - primarily Bitcoin as "digital gold" and stablecoins as a dollar peg without government intermediation. However, in the short term, risk assets, including cryptocurrencies, may face pressure due to market volatility.
A scenario is likely where investors differentiate assets: BTC - as protection, altcoins - under pressure. I would position a portfolio with an emphasis on liquidity, a share in BTC, and a cautious approach to DeFi.
