$ 24 trillion in US debt Could this push Bitcoin up?
$ 24 trillion in US debt Could this push Bitcoin up According to several recent news reports, the US national debt has exceeded $ 24 trillion for the first time ever, with each citizen becoming $ 72,890 in debt. About $ 800 billion in debt was added between January 2020 and today as the year started with about $ 23.2 trillion in debt. The Corona virus pandemic was clearly having a detrimental effect on the overall US economy as stocks fell faster than ever before. The S&P 500 experienced a rebound recently but is still far from its peak at 3380 in February. Currently, the index is at 2749, a significant increase from the bottom at 2,237 but investors are unsure. How will Bitcoin interact? On the other hand, bitcoin currencies seem to be performing well and they do not seem to care about debt or the US crisis at all. Initially, cryptocurrencies were following the steps of the traditional stock market and they were also very much shattered, and Bitcoin just took a few weeks to reco