According to ChainCatcher, Bitfinex analysts said that the ever-expanding U.S. debt may consolidate the status of Bitcoin. “The $35 trillion U.S. Treasury debt highlights the importance of Bitcoin as a ‘hard currency’ and may become a catalyst for Bitcoin’s next upward cycle… This may prompt investors to seek other means of storing value such as Bitcoin, which is often seen as a means of hedging against economic inefficiencies.”