Under the huge debt, the United States wants a mild recession, and anchoring Bitcoin is an option.

It is undeniable that the United States is the country with the strongest comprehensive national strength in the world, and its technological strength leads the world. Its representative companies such as Google, Microsoft, Apple, and Nvidia are all rich enough to rival a country. However, the increasingly serious debt problem is like a time bomb, which not only drags down the development of the United States itself, but also threatens global financial stability. Looking back at history, it took more than 200 years for the US debt to accumulate to 1 trillion US dollars, but it took only 40 years to rapidly expand from 1 trillion US dollars to 35 trillion US dollars! The uncontrollable surge in US debt in the past 40 years began in 1971 when the Nixon administration suddenly defaulted on the world, abolished the gold standard, and cancelled the link between the US dollar and gold. The Bretton Woods system collapsed. Since then, the US dollar can be "printed at will", and US debt has completely lost control; after the financial tsunami in 2008, the Federal Reserve implemented quantitative easing; after the 2020 epidemic, the Federal Reserve even started "helicopter money". These major events have driven the rapid expansion of US debt.

How long can it last? Under high debt, the United States' interest expenditure has exceeded $1 trillion per year, exceeding defense spending. High debt ratios will also seriously drag down economic development. In recent years, the US GDP and the comprehensive national strength behind it have maintained a still considerable nominal growth rate under the rapid depreciation of the US dollar driven by macro debt. But if it is priced in gold, the nominal growth will appear even weaker. Around 2015, the scale of US debt has irreversibly exceeded the GDP growth rate.

With the rapid expansion of the debt scale, the debt has become increasingly dragging on GDP growth, and in the future, even the economic growth rate will not be enough to repay the debt interest.

As the world's largest currency, the US dollar has been unmoored for 40 years, causing the debt to expand to an uncontrollable level. When Satoshi Nakamoto proposed Bitcoin in 2008, it was to hedge against all undisciplined debt fiat currencies and the willful power behind them. In other words, investing or holding BTC is actually shorting the US dollar and all global fiat currencies, and is certain that global debt will inevitably collapse. Given the weight of the U.S. dollar and U.S. debt in the global financial market, no one wants the U.S. to collapse suddenly, but rather to experience a mild recession. At present, it would be best to find an anchor for the dollar, but this anchor is unlikely to be gold.