The ongoing concerns about the U.S. Debt exceeding 3 trillion USD are creating a bullish sentiment for Bitcoin (BTC). Experts are cautioning about a potential devaluation of the dollar due to rising debt, advocating for Bitcoin as a reliable hedge.
Prominent figures like Ray Dalio warn of unsustainable debt burdens that could lead to higher taxes and reduced government spending. In response, crypto leaders urge buying Bitcoin for its fixed supply, positioning it as a better store of value than traditional currencies.
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