On top of that, most Americans (60% last I checked) have zero savings. When the unemployment rate starts rising over the next 1-2 years, a lot of Americans will suffer greatly.

Bitcoin current market cap is $447 billion. That's the entire world.

This credit card debt number is more than double that, and it's only in the US.

wow.

Also, keep this in mind: "Americans pay $120 billion in credit card interest and fees each year"

No wonder these people don't want Bitcoin, they are getting all that money in fees for the debt they created.

In this situation it is fundamental to have a strong and growing economy to stem the risk of default and contagion. The government says anything is fine, inflation disappears and the labour market is in good shape. I trust the gov! Let's go shopping, my AA needs its workout at the mall....