Trump’s budget bill threatens to significantly raise the US national deficit by 2.4 trillion USD, prompting worries among financial analysts regarding fiscal health. This scenario could push investors towards Bitcoin as they seek safer investment options amid increasing uncertainty.
The ongoing surge in bond yields is likely to escalate borrowing costs, potentially slowing down economic activities. Higher interest payments, estimated at 551 billion USD over the next decade, will further contribute to the financial strain resulting from additional government borrowing.
Wall Street’s reaction to the budget bill reflects growing impatience with the US debt situation. Investors are now demanding higher yields to purchase bonds, indicating a shift in market sentiment and a possible preference for Bitcoin over alternative cryptocurrencies.
Leave a Reply