💡 #USNationalDebt : why this rise is boosting #BTC
🌐 Record public debt and pressure on the dollar
U.S. debt has reached 37 trillion dollars, raising questions about investor confidence in Treasury Bonds. The governor of the Taiwanese central bank has even warned about the credibility of Treasuries, a pillar of global reserves.
📉 Domino effect on the dollar & cryptocurrencies
The rise in debt degrades the dollar, prompting a search for alternatives: gold, stablecoins, and especially Bitcoin — often seen as a durable store of value.
🔄 Stablecoins = indirect support for Treasuries
With the Genius Act, issued stablecoins must be backed by short-term Treasuries. Result: additional demand for Treasury Bonds, potentially helpful in lowering borrowing costs.