US National Debt Surges to $38.5 Trillion. Here's What It Means for Bitcoin

US national debt surges to $38.5 trillion. Here's what it means for bitcoin

High debt levels and potential fiscal dominance could lead to lower interest rates, benefiting assets like bitcoin and gold.

Janet Yellen warns the $38 trillion national debt is nearing a red line economists have warned about for decades

Top economists fear the era of fiscal dominance is here, and we’ve abandoned the debt problem already.

Yellen Warns $38-T Debt Could Zap US Economy With Hyperinflation

Two thousand years before U.S. federal debt crossed the $38 trillion mark, the Roman Empire faced a similar dilemma: a state burdened by costly obligations and a limited willingness to raise taxes.

Yellen flags rising fiscal dominance risk for US economy

Janet Yellen, a highly influential American economist and policymaker who challenged limitations by becoming the first woman to serve as the Fed chair, released a statement on Sunday, January 4, noting that the preconditions for fiscal dominance are becoming increasingly stronger. Yellen made these remarks during a panel at the American Economic Association’s annual meeting in Philadelphia. A series of historic firsts mark Yellen’s career: she w…