THIS IS GETTING OUT OF HAND
The US government’s debt is out of control.
Bitcoin is the saving grace.
And really it’s quite simple…
If demand remains the same and the Bitcoin sold [from the miners] gets cut in half, it should have an impact on the price to the upside.
Traditionally with debt you have two options:
- Default on the loan
- Pay back the loan
The government unfortunately has a third option: they can print more money, devalue the debt that they owe and allocate more capital to themselves.
The US government cannot default on its debt - that would be catastrophic for everyone.
Yet they cannot afford to pay it back.
So the only option they have is to print more dollars…
They can make more real estate, they can find more gold. They cannot make any more Bitcoin.
The fiscal situation in the U.S is beyond the point of no return.
And it’s only going to get worse.