Benzinga verify icon

7h
...

US Debt Tops 100% Of GDP: Is This The Signal For Bitcoin To Run?

Bitcoin (CRYPTO: BTC) is increasingly seen as a national security tool, sparking a debate about how Bitcoin will integrate in times of rising sovereign debt.

U.S. Debt Crossed 100% Of GDP Post-WWII Threshold

U.S. public debt has topped 100% of GDP for the first time since 1946 when the country demobilized after World War II. 

The government now spends $1.33 for every dollar collected, with debt service approaching $1 trillion annually.

Post-WWII, the U.S. inflated away debt through nominal GDP growth. Analysts argue the same playbook is inevitable now, requiring the Fed to keep rates below inflation while government spending drives nominal growth.

Incoming Fed chairman Kevin Warsh…

Read more on Benzinga

3.1K Reads