$40 Trillion US Debt: Could Americans Even Afford Bitcoin and Crypto Right Now?

Share

US national debt has reached 39.9 trillion dollars, roughly 116,000 dollars per American, equivalent to about 1.8 Bitcoin at the current price of approximately 64,594 dollars. A Conference Board report models several fiscal paths and warns that debt could reach 154% of GDP by 2036, while Social Security’s main trust fund runs dry by 2032. The study shows that lower-income American households paid on average 45,400 dollars per Bitcoin purchased, a burden that increases their financial risk as mortgage and student loan payments could rise significantly in a fiscal crisis scenario. The 30-year Treasury yield has hit levels not seen since 2003, making risky asset investments like cryptocurrencies harder to justify for households already under financial pressure.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles