1. Home
  2. debt crisis

debt crisis

Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe

Trader and investor Michaël van de Poppe says many in the crypto community underappreciate the impact of America’s ballooning debt.

Bitcoin is officially back in a bull market and could potentially hit $1 million per coin in the next few years, according to trader and investor Michaël van de Poppe.

However, the founder of MN Consultancy, MN Capital and MN Academy warned that a $1 million Bitcoin (BTC) price might come alongside a much broader debt crisis that could wreck the price of all assets in the short term.

Van de Poppe sat down with Decentralize with Cointelegraph host Jonathan DeYoung at DKGcon 2024 in Amsterdam for an exclusive interview to discuss the state of the Bitcoin bull market, whether an altseason is on the horizon, the impact of a Donald Trump presidency, and more.

Read more

Bitcoin miners struggle despite BTC’s 130% surge in 2024

US Debt Crisis Deepens as National Debt Surpasses $35 Trillion

US Debt Crisis Deepens as National Debt Surpasses  TrillionThe U.S. national debt has exceeded $35 trillion, highlighting the country’s severe fiscal challenges as debates over taxes and spending continue. The Congressional Budget Office forecasts the debt could surpass $56 trillion by 2034, driven by rising expenditures and interest costs outpacing tax revenues. High interest rates, unexpected pandemic-related program costs, and robust demand for […]

Bitcoin miners struggle despite BTC’s 130% surge in 2024

Galaxy CEO: US Debt Crisis Drives Demand for Bitcoin

Galaxy CEO: US Debt Crisis Drives Demand for BitcoinGalaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give the U.S. a chance to avoid a “debt death spiral.” […]

Bitcoin miners struggle despite BTC’s 130% surge in 2024

Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’

Analyst Warns US Debt Crisis Is Possible —  Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’Wall Street’s major indexes closed the day in red on Tuesday, alongside cryptocurrencies, and precious metals like gold and silver taking some percentage losses. The leading crypto asset bitcoin dropped 5.87% under the $19K region, while the second largest crypto asset ethereum shed 8.7%. Gold’s nominal U.S. dollar value per troy ounce slipped by 0.50%, […]

Bitcoin miners struggle despite BTC’s 130% surge in 2024

IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money

IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as MoneyDigital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial institution. IMF Chief Georgieva Marks Top Issues for Policymakers Exploring CBDCs […]

Bitcoin miners struggle despite BTC’s 130% surge in 2024