U.S. national debt nears $33T, reigniting debate on crypto as financial hedge

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Quick Take

Over the past months, the U.S. nation­al debt has wit­nessed a rapid accel­er­a­tion. As report­ed by Cryp­toSlate in June, the nation­al debt was on the verge of hit­ting the $32 tril­lion mark. Fast for­ward to the present day, the nation­al debt now stands at a stag­ger­ing $32.9 tril­lion, clos­ing in fast on the $33 tril­lion bar­ri­er. This sig­ni­fies a growth tra­jec­to­ry that could have far-reach­ing impacts on the econ­o­my and var­i­ous sec­tors, includ­ing the cryp­to market.

The poten­tial impli­ca­tions of this surg­ing debt are man­i­fold. While it could poten­tial­ly sig­nal increased gov­ern­ment spend­ing, which might stim­u­late the econ­o­my in the short run, an unchecked rise in nation­al debt could also lead to long-term fis­cal insta­bil­i­ty. In the con­text of the cryp­tocur­ren­cy mar­ket, a height­ened nation­al debt may fuel dis­cus­sions about dig­i­tal assets’ poten­tial role as a hedge against tra­di­tion­al finan­cial mar­ket insta­bil­i­ties, although this per­spec­tive remains a sub­ject of ongo­ing debate.

US National Debt: (Source: usdebtclock.org)
US Nation­al Debt: (Source: usdebtclock.org)

The post U.S. nation­al debt nears $33T, reignit­ing debate on cryp­to as finan­cial hedge appeared first on Cryp­toSlate.

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