Data from the government was published today in CBS news that shows that the US, now under Donald Trump, as reached a historic threshold of a total $20,162,177,000,000 in debt. This is a never-before seen event in the history of US.
This has caused people to worry yet again about a possible Bitcoin bubble. This event has come at a time where the cryptocurrency markets are quite volatile, and there are warnings being received on a bubble like trend by many famous economists.
There have also been cries in the mainstream press for a Bitcoin ban due to the Chinese uncertainty that revolves around Bitcoin. Some of them using unsubstantiated evidence.
The US problem, on the other hand has caused outrage when the $20 tln scenario became reality back in September. The debt has surpassed it’s all time high and seems to be ever-increasing.