U.S. national debt has skyrocketed to $36 trillion, it's practically a bottomless pit! The Federal Reserve, in order to repay this debt, is almost worn out from printing money. During the 2008 financial crisis and the 2020 pandemic, trillions in national debt were issued in just a few months. The more dollars are printed, the greater the risk of devaluation, like a balloon that keeps inflating and could pop at any moment.
At this moment, the U.S. government has set its sights on Bitcoin. There are only 21 million bitcoins in total, and now one is worth $100,000. Some people are daydreaming about either driving the price of Bitcoin sky-high to $1 million or just creating another 100 million coins out of thin air. This is really like trying to catch a wolf with empty hands, without needing a single piece of paper—what a beautiful thought!
But what is Bitcoin? Its price is like a crazy roller coaster, swinging up and down by 20% in a single day. Trying to use it to fill the $36 trillion national debt gap? That’s no joke; it's like riding a skateboard over a cliff—one misstep could lead to a disastrous fall. Moreover, the electricity consumed by mining is shockingly high. A study from Cambridge University states that its annual energy consumption is greater than that of the entire nation of Sweden. If Bitcoin were to be used on a large scale to support national debt, the global power grid would surely collapse.
Internationally, countries are hoarding over $7 trillion in U.S. debt, and they are already dizzy from the fluctuations in the dollar's exchange rate. If the U.S. truly dares to use Bitcoin to repay its debt, other countries will definitely accelerate their sell-off of U.S. bonds, shaking the foundation of dollar hegemony.
The root cause of the U.S. national debt issue is its uncontrolled spending, living off borrowed resources. To truly solve the problem, it needs to honestly cut expenditures and boost the real economy, rather than always thinking of taking shortcuts through speculation. Otherwise, in the end, it will definitely be a case of losing the rice while trying to steal a chicken, completely ruining the credibility of the dollar, and there will be nowhere to cry when that happens!
Recently, I plan to ambush a potential coin that is ready to explode; doubling it should be quite simple. At the same time, I am also looking to hold some potential coins until the end of the year, expecting a growth potential of over 10 times is definitely not a problem. If you want to follow along, look at my bamboo leaves, leave a message, follow, like, and join the gold. skirt
