02-25-2023, 06:36 AM
$31 trillion debt and higher interest rates, have you got some Bitcoin?
<!-- SC_OFF --><div class="md"><p>The US is in a dangerous position with a $31 trillion debt, and higher interest rates mean the government has to pay more in interest, causing the debt to grow further. If all the debt were refinanced at the new 4.75% interest rate, the interest payment would be $1.49 trillion per year. That's 40% of total tax revenue of the year 2021.</p> <p>Bitcoin offers a path toward financial security in a world of economic and political uncertainties. It provides an alternative to traditional banking systems and offers a more secure and stable store of value than fiat currencies.</p> <p>The US debt is now $31 trillion - <a href="https://cnn.com/2022/10/04/economy/us-national-debt-31-trillion/index.html">https://cnn.com/2022/10/04/economy/us-national-debt-31-trillion/index.html</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/coinmarshal"> /u/coinmarshal </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11axnj1/31_trillion_debt_and_higher_interest_rates_have/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11axnj1/31_trillion_debt_and_higher_interest_rates_have/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>The US is in a dangerous position with a $31 trillion debt, and higher interest rates mean the government has to pay more in interest, causing the debt to grow further. If all the debt were refinanced at the new 4.75% interest rate, the interest payment would be $1.49 trillion per year. That's 40% of total tax revenue of the year 2021.</p> <p>Bitcoin offers a path toward financial security in a world of economic and political uncertainties. It provides an alternative to traditional banking systems and offers a more secure and stable store of value than fiat currencies.</p> <p>The US debt is now $31 trillion - <a href="https://cnn.com/2022/10/04/economy/us-national-debt-31-trillion/index.html">https://cnn.com/2022/10/04/economy/us-national-debt-31-trillion/index.html</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/coinmarshal"> /u/coinmarshal </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11axnj1/31_trillion_debt_and_higher_interest_rates_have/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11axnj1/31_trillion_debt_and_higher_interest_rates_have/">[comments]</a></span>