Rising US Government Debt Fuels Surge in Bitcoin and Gold Prices:
The surge in Bitcoin and gold prices is partly due to concerns over the rapid increase in US government debt, which is expected to reach $2.6 trillion by 2034.
The US budget deficit for 2023 has expanded to $1.7 trillion, and public debt is projected to reach 106% of GDP by 2028.
This deteriorating trend has driven demand for Bitcoin and gold, which are often used as tools to hedge against inflation and the decline in the purchasing power of the dollar.
Interest in Bitcoin and gold also stems from intensified inflation turbulence, and the upcoming halving event.
However, the rapid deterioration of the US fiscal situation remains a major concern for some investors.
