America's $37 Trillion Debt Crisis: Workers Watch the Crypto Market
As a worker, hearing that the national debt in the United States has reached $37 trillion, with 25% of tax revenue going to pay interest, is truly concerning. Under the shadows of inflation, dollar devaluation, and fiscal instability, wages are not keeping up with prices, and saving money requires thinking about how to preserve its value. Could the crypto market be a way out?
The debt crisis may lead to a decline in the dollar's purchasing power, and Bitcoin, often referred to as 'digital gold', might hedge against risks. Its supply is fixed and cannot be easily diluted by printing more money. During the 2020 pandemic-induced printing spree, Bitcoin surged from $10,000 to $69,000, indicating that some turned to it for safety during crises. Stablecoins like USDC are also good; they can peg to the dollar and are flexible, making them suitable for beginners. However, the risks are not small: if interest rates rise or the economy contracts, the crypto market could fall along with the stock market, as Bitcoin was cut in half in 2022. Recently, posts about #BTC on X have increased in popularity by 15%, indicating that people are paying attention, but altcoins carry even higher risks, easily leading to total loss.
I don't have much capital, so I need to invest cautiously. I'm planning to invest a little Bitcoin every month, allocating 10% of my salary, and hold it long-term as a 'value-preserving insurance'. I will also put 20% into USDC to respond to fluctuations at any time. The remaining money will still be kept in the bank, as stability is the priority. In this debt crisis, ordinary people need to learn some financial knowledge and not let their hard-earned money lose value.
