Today’s cryptocurrency news show that Bitcoin may come right in time as an alternative during a record moment in United States’ history. According to data from the official Twitter profile related to the national debt of the US, the total national debt has surpassed $22 trillion for the first time ever.
This mountain of debt is another terrifying reminder of how fragile the fiat monetary system is. What’s interesting is that you can watch how the debt piles up in real time by visiting the site named the US debt clock.
$22,012,840,891,685.32 (+) #NationalDebt
— National Debt Tweets (@NationalDebt) February 12, 2019
In times like these, many people should be aware that Bitcoin matters, especially with its fixed supply and anti-inflationary policy. As such, BTC is an antidote in waiting which could be used in desperate times like these.
Jumping more than $30 billion in the last month alone, the national debt has been surging by more than $1 trillion in the last year alone. Ever since President Trump introduced his $1.5 billion tax cut plan last year, the debt has spiraled.
When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can't possibly ever pay it back, and thus must print it instead, and thus fiat is doomed… watch what happens to crypto.
— Erik Voorhees (@ErikVoorhees) November 8, 2018
As we can see from the ShapeShift CEO Erik Voorhees and his tweet above, Bitcoin is the alternative monetary system and the antithesis of fiat money like the dollar. Unlike fiat, BTC has a fixed supply so that central banks can’t endlessly print more of it. Plus, its monetary policy is not controlled or manipulated by any entity.
For now, the debt continues to build which is “another sad reminder of the inexcusable tab that the nation’s leaders have continued to run up” according to Judd Gregg and Edward Rendell of the Campaign to Fix the Debt.
Bitcoin (BTC) Price Holding Onto Crucial Support Levels: An Increase Is Likely
- Hourly MACD – The MACD is most likely moving back in the bullish zone in the near term.
- Hourly RSI (Relative Strength Index) – The RSI for BTC/USD has changed hands with 40 and it is currently moving higher towards 50.
- Major Support Levels – clearly the Bitcoin (BTC) price of $5,200 was followed by $5,160.
- Major Resistance Levels – now, they are set at $5,260, $5,300 and $5,330.
XRP Price Jumps By 3% But The Upside Actions Seems Weak
Tezos Price Rises By 10% Reaching A New Five-Month High
“France has some nuggets on the entire value chain of new services to companies, hardware, and protocols. I am thinking in particular of Tezos and which allows the development of a blockchain protocol overcoming the known defects of public blockchains.”The Tezos price was already improving after the partnership with Coinbase crypto exchange. Both of the companies now allow institutional investors to ear passive rewards. San Francisco-based Coinbase even promised up to 6.6 percent yearly returns to the investors.
Bitcoin SV Reaches Yearly Low As #DelistBSV Campaign Strengthens
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