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Bitcoin’s ‘potentially serious implications’ on future of investment, global finance
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ambcrypto.comCrypto demand skyrocketed as inflation fears grip the market and governments continue to print more money. It is noteworthy that the US inflation picture remains worrying with the rate recently hitting a 13-year high of 5.4%.
Apart from these concerns, the U.S. debt is piling up. In a recent commentary piece, Avik Roy estimated the extent of debt in the US and how Bitcoin adoption can change it. He explained,
“The single largest holder of U.S. debt is the U.S. government.”
The situation is set to worsen, according to Roy. He explained that the Covid-19 stimulus packages in addition to the spending of $4.6 trillion will stress the fiscal figures, inflation, and interest rates. In this context, he said,
“It’s becoming clear that Bitcoin is not
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