“This acceleration of debt coincided with the launch of Bitcoin, and was referenced in the Bitcoin genesis block with the phrase The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”By 2012, the debt in the United States had surged up to 15 trillion and the speed of the debts increase never seemed to slow down breaching the 20 trillion in late 2017. As put by Bitcoin News:
“As of 25 October 2018, this debt sits at USD 21.7 trillion, up USD 1.25 trillion in a year, or an increase of roughly USD 3.45 billion per day.”As said by Kim Dotcom through his official Twitter handle:
There are several ways crypto could have helped these situations but could the USD really be coming to an end? What are your thoughts? Let us know what you think down below in the comments!
US Empire now pays half a trillion dollars in interest payments per year to service its debt. US debt increases by a trillion per year. It’s a death spiral that cannot be undone. Self destruction and USD collapse are unavoidable. Get out of USD and US stocks. Buy gold & crypto.— Kim Dotcom (@KimDotcom) 25 October 2018