- Bitcoin (BTC) could be the only answer to the US debt.
- Could the pioneer cryptocurrency end the $36 trillion US debt.
- The crypto market wonders when the USA will adopt BTC.
The crypto market came as a surprise to many as a worthy opponent to the stock market. However, its inexplicable rise has now led to the crypto market being greater than the stock market. For one, the crypto market truly never sleeps giving investors undeniable opportunities to triumph in any market condition. How many wonder if Bitcoin (BTC) could be the only answer to the $36 trillion US debt.
Bitcoin (BTC) Could Be the Answer
Since its debut, Bitcoin has shown unending resilience and incredible potential. Developed to change the financial world as we knew it, the Bitcoin network offered to replace banks by being a neutral, transparent, and immutable alternative to banking and financial transactions. By using the cryptographic nature of blockchain technology, the Bitcoin network offered honest unchangeable transactions.
This meant that no financial records could be manipulated or edited to hide the truth. Bitcoin emerged to replace the foul play that led to the 2008 recession. Banks were changing their records and centralized ledgers could be easily manipulated to change records and the narrative protecting those in power and the rich who could buy that power. Now, banks faced a true rival, a decentralized ledger open to the public to govern honest and immutable transactions.
The Bitcoin network opened a whole new portal of possibilities. Soon, the blockchain sector evolved and blockchain technology explored its limits finding new purpose and unleashing innovation never seen before. With these new ideas taking root, the web3 sector transcended rapidly at an unprecedented pace. This led to the value of cryptocurrencies to rise and beating all other traditional financial markets, with Bitcoin (BTC) at the top.
One of the best examples of how the vision of Bitcoin improved a country’s standing was when El Salvador made Bitcoin a legal tender last cycle. Nayib Bukele’s move to legally adopt Bitcoin as a legal tender changed the world. His move led to a promising nation now stronger than ever backed by the power and potential of Bitcoin. This move created a ripple effect as more nations and institutions began to adopt crypto.
The Monumental $36 Trillion US Debt
As we can see from the post above, the US debt took 220 years to reach a total of $1 trillion. Then, in just 44 years, the US debt crisis grew much more, until its current debt amounts to $36 trillion. The post says that nothing can stop this train now. Despite multiple efforts, the US debt continues to rise, and many believe the only way out is to hold Bitcoin. Will the US government adopt Bitcoin before it’s too late, or will citizens have to hold Bitcoin to fend for themselves in the future?
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