The U.S. is on an unsustainable path with its skyrocketing national debt, and even the Federal Reserve has admitted it. This is what we call a Debt Spiral, where more debt is needed just to cover interest payments. Here's a quick breakdown:
๐ Historical Context (1790 - 2024):
- ๐บ๐ธ 1790: U.S. debt started at $75 million after the Revolutionary War.
- โ๏ธ Wars and ๐ฅ economic crises caused massive spikes in debt.
- ๐ 2024: U.S. national debt has hit over $33 trillion!
๐ The cycle continues as debt grows faster than the ability to pay it off, leading to potential inflation and economic instability.
๐ก Why Bitcoin? ๐ก
As trust in traditional financial systems wanes, many are turning to Bitcoin.
Here's why:
- ๐ช Limited supply(21 million cap) = protection from inflation.
- ๐ Decentralized = no single authority controls it.
- ๐ฐ Hedge against the devaluation of fiat currencies.
Is Bitcoin the future? ๐
