đš This is INSANE: U.S. Federal Debt Interest Skyrockets to $3 Billion PER DAY! đ°
The U.S. is now paying a record-breaking $3 billion in interest expense on federal debt every day. That's TRIPLE the amount paid 10 years ago and has DOUBLED in just the last 2.5 years. đł
In Q2 2024 alone, total annual interest costs hit a jaw-dropping $1.1 trillion! Even if the Fed cuts rates by 1%, the daily expense will still be a staggering $2.5 billion â more than double the average from 2009-2019.
đ„ Impact on Bitcoin & Crypto:
This mounting debt crisis fuels increased demand for alternative assets like Bitcoin and altcoins. As traditional financial systems show cracks, many turn to crypto for protection against inflation, currency devaluation, and economic instability. Cryptocurrencies may see a major influx of capital as investors seek safe havens amidst growing debt concerns.
đ The global shift toward decentralized finance is accelerating as people look for more stable, long-term investments outside the traditional banking system.
Crypto market are highly risky, invest responsibly, DYOR!
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