Meanwhile, the most bullish #bitcoin price voices in the #crypto space have pointed to the growing U.S. debt pile as potential catalyst to send bitcoin sharply higher.$BTC

“I think we'll see $1 million per @Bitcoin by 2030," Brian Armstrong, the chief executive at bitcoin and crypto exchange Coinbase, posted to X.

Armstrong named increasing regulatory clarity, the president Donald Trump’s bitcoin strategic reserve, and Wall Street adoption among other factors that include the U.S. debt‑to‑GDP ratio.#BNBATH900

“The debt‑to‑GDP ratios are the thing to watch usually, I think,” Armstrong said in a conversation.

“I forget where we’re at now—150 or 170 or something—but if you look historically, maybe when the British lost it or the Dutch, they were in the 200–250 range. So we’re within sight of a pretty dangerous threshold, historically. It’s hard to see where the political will is going to come from to do that, and I hope that bitcoin could be part of that solution.”#GENIUSActPass