The U.S. economy grew by 2.1 percent in the Q3 2019 as compared to an expected rate of 1.9 percent. But, behind the growth is a problem that no one is talking about: rising national debt. Could Bitcoin pose as a solution?
As cryptocurrency researcher The Moon (@themooncarl) revealed on Twitter, the American economy might look strong, but its debts have continued to rise. Data from the U.S. National Debt Clock shows that the national debt currently stands at a staggering $23.116 trillion. The Trump administration was overly fixated on growing the American economy and claiming bragging rights. They obviously had no qualms driving the country into more debt to achieve that goal.Read the full news hereA ticking time bomb? Sounds to me that I can agree with that statement!Of course, US president Donald Trump is rejoicing that the stocks is at its all-time high. But he forgot one thing.
Their national debt continues to rise, and I highly no doubt that it gets even worse in the next few years or so.
Now I have a question to all of you here.
Do you honestly think that only Bitcoin can fix this ticking time bomb in the United States?I would like to hear out your reactions or opinion about this one guys. Happy Sunday everyone!