Reuters: Worsening U.S. debt outlook has more to show for gold and Bitcoin
According to news on April 19, market observers said that although the U.S. Treasury market has so far remained relatively optimistic about the country’s fiscal path, the recent surge in gold and Bitcoin prices is partly due to concerns about the rapid rise in U.S. government debt. The uncontrolled growth of U.S. government debt is causing growing concern as interest rate payments also take up a larger share of the government budget. This worsening trajectory is boosting demand for Bitcoin and gold, currencies that are often Used to hedge against the risk of inflation and the depreciation of the purchasing power of the U.S. dollar.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Surpasses Gold Amid Institutional Endorsements
Bitcoin Reaches $2.36 Trillion Market Cap Amid ETF Inflows
GameSquare Initiates $100M Ethereum Purchase Strategy
Metaplanet Acquires 797 Bitcoin, Total Holdings Now 16,352
Trending news
MoreCrypto prices
More








