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Bitcoin [BTC] Crypto Twitter appeared extensively on Crypto Twitter because concerns about debts in the US were hit by subtitles after adopting the Tax and Expenditures of July 3.
According to EstimatesThe bill is expected to bring more than $ 3 trillion in the next 10 years.
But Ray Dalio, founder of the Bridgewater Associates Hedge Fund, note that the debt could get out of control if the bill is, as it is.
He warned that over the next 10 years the debt burden on the average American family could become unsustainable.
Probable consequences? Higher taxes, reduced government expenditure or increased money printing. This could disrupt the value of the US dollar and hurt those who rely on it to maintain their wealth.
Said
“This press and devaluation are not good for those who hold bonds as warehouse wealth, and what is bad for bonds and American credit markets is bad for everyone.”
This probably fiscal chaos and the fall is exactly why Bitcoin exists, the crypt of the leader said.
As a digital asset with a fixed offer, it becomes a relatively better storage of value compared to traditional currencies such as the US dollar.
These currencies have an endless offer and are printed at the will of central banks. In short, BTC, gold and other rare commodities would be in demand.
Dali’s warning, cio urged “Buy Bitcoins” users.
Raoul Pal of Real Vision also repeated Hougan’s attitude, addition The fact that only tech and crypto are better live fences in such a screenplay.
“Debsement Hedges in secular bull markets – there are only two that significantly overcome: tech and crypto.”
Although Dalio has publicly he admitted To own a BTC, he is more inclined to gold.
He said it was easier to watch the movements of gold prices, especially because of conflicts. However, it is difficult to do the same at the cost of BTC and concluded that it still works as a speculative interest.
For Larry’s Finn Blackrock, however, BTC is digital gold. In fact he warned In April, this could easily replace the US dollar as a world reserve currency unless the fiscal debt is driving.
Yet, the Finance Minister Scott Bessnt compositions Debt concerns were related to the billing.
“GDP grows faster than debt and this trend will continue for the rest of the president’s term.”
Meanwhile Coinbase analysts warned The fact that a “big beautiful account” has an increase in debt by $ 5 trillion.
As a result, the US cash register could supplement (borrow money from the market) its main money account or TGA (general account of the Ministry of Finance) and push out liquidity, pull risky assets, including BTC.
“This addition of TGA could potentially drain liquidity from the wider market in the short term and pose a remarkable risk for all risks.”