⚡️🇺🇸 NEW - The US national debt has reached a new record high of $38 trillion.
By way of comparison, it stood at:
🔹 $4.9 trillion in October 1995.
🔹 $8 trillion in October 2005.
🔹 $18.1 trillion in October 2015.
Discussion
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So roughly $80 trillion in October 2035. Got it.
Yup it's been doubling every 10 years so if you're planning to retire in the next 20 years you can expect $160T National Debt by 2045.
On the flipside if you think Bitcoin will continue to grow at only 30% average per year, then it should be around $20M by 2045.
Personally I think that's a low estimate since gold's market cap will likely start to get eaten up by Bitcoin sooner than later and at the same time the dollar and every other fiat currency is being inflated to hell. I think some countries may pull a 6102 to pave the way for their CBDC's which will crash the price of gold and lead to hyperbitcoinization and possibly WW3. For these reasons I would say a realistic price for Bitcoin 20 years from now is $100M or the equivalent of $1 = 1⚡
It nearly doubled every decade.
In short: With $38 trillion in national debt, the U.S. government currently pays between $970 billion and $1.2 trillion per year in interest, which corresponds to an average interest rate of about 3.3%.
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