2021 US government debt rose to $1.7 trillion, projected to reach $2.6 trillion by 2034, causing increased demand for gold and bitcoin as hedges.
US government debt rose to $1.7 trillion in fiscal 2021, and is projected to hit $2.6 trillion by 2034, causing increased demand for gold and bitcoin as hedges against inflation and a depreciating US currency. The budget deficit surge surpasses national defense spending. While bond market indicators don't reflect a worsening fiscal outlook, investors are turning to gold and bitcoin for protection.
April 19, 2024
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