Post
Topic
Board Economics
Re: World debt hits new record: good for BTC
by
pawanjain
on 20/04/2018, 16:40:30 UTC
https://www.bloomberg.com/news/articles/2018-04-18/world-debt-hits-record-164-trillion-as-crisis-hangover-lingers
$164 trillion! That is an awfully big pile of money, but governments think it's not big enough. They keep on borrowing more every year. If there's no crash, it will be a miracle.

Pray God.
Or buy BTC!
Grin

Wow  Shocked $164 Trillion is really a big number and i think things are going to worsen in coming years because the GDP is increasing at a rapid speed by almost 22.7% and we need to think on this issue of global economics. Even though Bitcoin and crypto market has nothing connected to it because it is decentralized and till now there is no governing body connected to it and In fact, i would see the cryptomarket growing side by side. But if there is a huge amount of participation in the crypto market and if the government plans to regulate and use the cryptomarket then the debt can decrease to a certain extent which is a good sign.