#USNationalDebt The national debt of the United States has surpassed $37 trillion, with rising liabilities of over $107,000 per citizen and $323,000.
The increase in the value of Bitcoin, from less than $500 to over $100,000 in a decade, positions it as a potential hedge against instability.
Stablecoins, with increasing demand, may offer a way to reduce the national debt by increasing demand for Treasury and lowering costs. The national debt of the United States has surpassed $37 trillion, marking a significant increase from $18 trillion just a decade ago. At the same time, the value of Bitcoin has risen from less than $500 to over $100,000 in the same period, highlighting its potential as a store of value.
As the pressure from this growing debt continues to mount, cryptocurrency advocates are renewing their call for Bitcoin as a potential solution. While the defense of Bitcoin is not new, what is particularly intriguing now is the emerging idea that stablecoins could help reduce the national debt. Analysts turn to Bitcoin as protection.
According to the latest data from the U.S. Debt Clock, each American citizen now carries a debt burden of $107,982. Additionally, the responsibility per taxpayer is $323,051. Federal spending amounts to approximately $7.1 trillion, while the federal budget deficit is $2 trillion:
“We are spending 25% of all the revenues of the U.S. government on interest payments for the national debt,” noted an analyst.
The rising debt, reflected in a debt-to-GDP ratio of 123%, has prompted calls for alternative financial strategies. Analysts are increasingly advocating for Bitcoin as a viable option for preserving value.
“If you don't own Bitcoin yet, now would be a good time to start.”