Do you think this year is the early stage of a bull market in the cryptocurrency world?

Today we are going to summarize why it is said that the world's monetary system is about to change, transitioning into a Bitcoin-dominated global monetary system. This year is the mid-point of a bull market.

By September 2024, the scale of U.S. national debt will have reached $35.27 trillion, and this amount can only increase, not decrease.

The U.S. debt scale may reach 200% or even 300% of GDP within the next 10 or 20 years.

Currently, the U.S. earning capacity cannot possibly sustain paying off this debt for the rest of its existence.

Currently, the U.S. GDP is only $26.9 trillion, and debt already accounts for 131% of GDP.

Therefore, the U.S. cannot normally repay its debts.

However, the U.S. could potentially use Bitcoin; it just needs to continuously appreciate Bitcoin while depreciating the dollar, allowing it to eventually repay this $30 trillion debt with a small amount of Bitcoin.

The second reason is that many countries are now promoting de-dollarization, reducing dependence on the U.S.

For example, many BRICS countries, such as China, Russia, Brazil, as well as some African nations and India.

They are now establishing a BRICS system, creating their own currency and monetary system, which does not necessarily rely on the U.S.

In addition to these countries, nations like North Korea and other countries sanctioned by the U.S. are also moving away from using the dollar.