Analysis Today TheBitTimes.com

During this week, the US National Debt reached its all-time high value, for an accumulated debt of over $33 trillion, which has made economists question the United States’ abilities to honor their financial obligations to Treasury investors. Interestingly, the US national debt is now over 33 times higher than cryptocurrencies’ total market capitalization of $1.04 trillion. Crypto total market cap chart. Source: CoinMarketCap This means that the United States government would need the equivalent of all the money in more than 30 crypto market s in order to repay all the investors that somehow are betting on the country’s financial health, effectively lending money to this government through US Treasury bonds. When converted to values in Bitcoin (BTC), the dominant crypto currency with over 50% of the entire market cap, this debt would be equal to 60 times the total supply of 21 million BTC. Cryptocurrency Each taxpayer would need to pay 10 BTC to get even wit...

Join Our Telegram channel to stay up to date on breaking news coverage The White House ought to think about adopting a bitcoin standard given that it recently released a National Security Strategy that emphasizes the value of digital currency. The race for bitcoin accumulation, the hardest and rarest asset in the world, is not too far off in the not too distant future, as the nation’s most hostile rivals actively pursue ways to de-dollarize the world while simultaneously publicly announcing, “the economy of imaginary wealth is being inevitably replaced by the economy of real valuables and hard assets.” Governments won’t prohibit Bitcoin. Instead, they will eventually engage in fierce competition for it, and those who have a higher share of the 21 million will be more strategically and economically dominant than their geopolitical rivals. Having stated that, the National Security Strategy (NSS) is a quarterly document created to convey the executive bran...