News with the tag "debt crisis"

Trader and investor Michaël van de Poppe says many in the crypto community underappreciate the impact of America’s ballooning debt.

The U.S. national debt has exceeded $35 trillion, highlighting the country’s severe fiscal challenges as debates over taxes and spending continue. The Congressional Budget Office forecasts the debt could surpass $56 trillion by 2034, driven by rising expenditures and interest costs outpacing tax rev...

In a proposal laid out in the Wall Street Journal, former Speaker of the House Paul Ryan has advocated for a novel fiscal strategy that integrates cryptocurrency, specifically dollar-backed stablecoins, into the US economic framework to counteract the looming threat of a national debt crisis. Ryan, ...

In a landscape where the US government’s debt has skyrocketed to a staggering $34.578 trillion, Strike CEO Jack Mallers sheds light on an inevitable economic trajectory that could significantly bolster Bitcoin (BTC). Speaking with Bloomberg Technology’s Ed Ludlow, Mallers offers a profound analysis ...

Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give the U.S. a chance to ...

The US is currently grappling with a debt crisis that poses a threat to its economic stability and position in global affairs. In this context, the cryptocurrency sector emerges as The post How Cryptocurrency Can Help Solve The US Debt Dilemma appeared first on BitcoinWorld .

Eygpt has reportedly become the first Middle East North Africa (MENA) region country to issue so-called “panda bonds” after it issued Chinese yuan denominated bonds worth $479 million. Issuing panda bonds marks another step in Egypt’s attempts to move away from costly dollar denominated loans. Egypt...

Billionaire investor Ray Dalio says that the US is already in the latter stages of a debt crisis and predicts that the government will find it difficult to seek sufficient buyers for newly issued bonds. In a new Bloomberg interview, Dalio says one reason why there could be a shortage of US debt buye...

Economist Peter Schiff has warned of an impending U.S. dollar crisis. He predicted that with the new debt ceiling deal, “reckless government spending and borrowing will continue until a sovereign debt and U.S. dollar crisis bring it to a catastrophic end.” Peter Schiff’s Latest Economic, Dollar Cris...

Rich Dad Poor Dad author Robert Kiyosaki says America is bankrupt as lawmakers engage in lengthy negotiations over the debt ceiling. “Unfunded liabilities as Social Security are over $250 trillion,” he said as the U.S. faces a potential debt default. Robert Kiyosaki on U.S. Debt Crisis The author of...