BITCOIN & the dollar death spiral

about 2 months ago (Edited)

Burning dollar-1943ab7e91e8c22ce86ba3ff639dd896-original.jpg

^{Source / Извор: Forbes}

No, this is not my prediction. This is what Forbes says…

Rise of Bitcoin and cryptocurrencies is a consequence of dollar "death spiral" - Forbes

The publication draws attention to the fact that the start of another surge in Bitcoin coincided with the Bank of America report stating that the US national debt is increasing by $1 trillion every 100 days and news that the key rate in the US is likely not to be lowered.

Forbes believes that the spiral of uncontrolled debt accumulation will lead to a financial crisis at the end of this year or the beginning of next year. People are not just turning to crypto for no reason.

Now, from us: judging by the fact that the Democrats have not replaced Biden as their presidential candidate, they are conceding the presidency to Trump. But before that, they will leave a scorched earth in place of the economy. Finances will be maintained at any cost until the end of 2024. Coming in 2025, Trump will face a terrible crisis and a bunch of problems. While dealing with them, he will be mercilessly criticized by the media. And in the next elections, the Democrats will again return their candidate.