Concern about the U.S. debt cycle, the devaluation of money, and specifically fiat money, is really the driving force rise of Bitcoin and gold, quotes the agency the words of Brad Bechtel, head of the currency department at investment bank Jefferies.
The U.S. Government Accountability Office assesses the country's national debt more modestly—at 97% of GDP.
The agency also forecasts that if government policy on revenues and expenditures remains unchanged, the U.S. national debt will grow twice as fast as the economy over the next 30 years and reach 200% of GDP by 2050.
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Fasten your seat belts, and don't forget to pick up a coin.
