U.S. debt continues to threaten the strength of the dollar which increases opportunities to buy cryptocurrencies
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Investors concerned with U.S. debt don’t have to look far to find concerning statistics. At the end of 2023, publicly held U.S. debt reached 97% of gross domestic product (GDP). Debt is projected to reach 166% of GDP by 2054. I could go on and on about this but the important point I want to make is that it imperils the strength of the U.S. dollar, in turn strengthening the prospects of cryptocurrency.
So, for investors who worry that U.S. debt will irreparably weaken the U.S. dollar, cryptocurrency becomes a more reasonable investment. In that regard, it also makes sense to understand which fiat currencies are expected to strengthen in the coming decades. That’s a story for another article but for now,…
