US National Debt Hits Terrifying $22 Trillion. This is Why Bitcoin Matters.

in #dlike6 years ago

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The growing national debt is a car crash waiting to happen. Bitcoin is poised to offer an alternative when the worst happens. 

 

THIS IS WHY BITCOIN MATTERS

When the next recession comes (and it will), the US will find it much more difficult to pay back the debt. And they’re unlikely to support struggling institutions like they did in the wake of the 2008 crisis.

Instead, they’ll be forced to turn to the Federal Reserve to print more dollars.

In effect, this increases inflation and pushes down the purchasing power of your money. In the worst cases, it can lead to hyperinflation as we’ve seen in Venezuela.


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