The U.S. National Debt Just Topped $40 Trillion. Here's What That Could Mean for Bitcoin.
Bitcoin has a key advantage in the context of rising government debt.
Overview
It's possible, and even probable, that the climbing national debt of the U.S. will be a tailwind for Bitcoin (CRYPTO: BTC) over the long run.
As you may have heard, the Treasury Department recently said that the national debt was running at over $40 trillion as of Aug. 18. For the record, that's more than double its level in 2017.
Details
But Bitcoin's relationship with the national debt is not necessarily a tightly coupled one, as its price fell by 28% in the 12 months through Aug. 27, 2026, anyway. Two other debt-related metrics are needed to understand what's likely next for Bitcoin, so let's first take a look at them.
Source
Originally published at www.fool.com.
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