Macro expert Lyn Alden says she’s “very bullish” on Bitcoin (BTC) over the longer term amid the soaring interest payments of the US government to its more than $35 trillion national debt. Alden notes in a recent newsletter that BTC has been highly correlated with global liquidity, a trend the analyst expects to continue. “My […]
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The US national debt has ballooned by over half a trillion dollars in just three months. According to the U.S. Treasury, America’s national debt jumped from $34,635,364,143,328 on June 3rd to $35,319,686,640,609 on September 3rd – a surge of $684,322,497,000. The massive rise is coming just over a month after the US national debt crossed […]
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The trillion-dollar coin, an idea that surged as a solution to raising the U.S. debt ceiling on more than one occasion, was recently revealed to have been considered by the government several times. Memos obtained via FOIA requests by journalist Jason Leopold show that, even though it was considered outrageous by some, it was seriously […]
Former U.S. President Donald Trump emphasized the importance of the U.S. leading in cryptocurrency, suggesting that the government could pay off its $35 trillion national debt with bitcoin. He described crypto as “a different form of currency” that is already “prominent” and “massive,” stating that “it’s going to end up benefiting the country.” Trump Advocates […]
The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s up from $32.59 trillion just one year […]
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The vast majority of Americans’ income taxes are now being swallowed up just to pay interest on the country’s national debt, new numbers show. Economist E.J. Antoni reports that based on the Fed’s June numbers, interest on the national debt is the equivalent of 76% of all personal income taxes collected by the government. “Interest […]
The post Interest Payments on US National Debt Will Shatter $1,140,000,000,000 This Year – Eating 76% of All Income Taxes Collected: Report appeared first on The Daily Hodl.
The US national debt just surged to a new all-time high of $34.75 trillion. The new milestone comes after the nation’s outstanding debt jumped $69.41 billion in a single day, according to new numbers from the U.S. Treasury’s Debt to the Penny database. According to a new report from the Congressional Budget Office (CBO), the […]
The post US National Debt Surges $69,417,431,854 in One Day, Reaching All-Time High of $34,750,498,829,987 appeared first on The Daily Hodl.
The 2022–2023 period saw several bad actors wiped from the cryptocurrency industry, none bigger than FTX’s Sam Bankman-Fried.
The cryptocurrency market took a beating in 2022, falling more than 70% during a time when the industry made headlines around the world for all the wrong reasons — from FTX’s bankruptcy and Sam Bankman-Fried’s arrest to the $50 billion collapse of the Terra ecosystem.
The United States also saw inflation hit a 40-year high as the country’s national debt figure continued to rise.
But it wasn’t all doom and gloom. In September 2022, Ethereum made the long-awaited transition to a proof-of-stake network, and Bitcoin’s hash rate increased threefold throughout the year. The market also rebounded strongly in 2023.
The US government just added more than half a trillion dollars to its balance sheet in three months. Data from the Treasury Department’s Debt to the Penny database shows the national debt rose from $33.896 trillion on December 27th to $34.573 trillion on March 27th – an increase of $677 billion. The CEO of the […]
The post $677,000,000,000 Added To US National Debt in Three Months As BlackRock CEO Warns Situation ‘More Urgent Than I Can Ever Remember’ appeared first on The Daily Hodl.
A former deputy director of the International Monetary Fund (IMF) says the US is now racking up debt at an extremely dangerous pace. Fresh data from the U.S. Treasury Department shows that the national debt rose from $33.990 trillion on January 2nd to $34.465 trillion on March 8th – an increase of more than $474.930 […]
The post $474,930,000,000 Added To US National Debt Since January 1st As Ex-IMF Official Says America Now on Dangerously Unsustainable Path appeared first on The Daily Hodl.
