The U.S. is spending much more money than it earns every year. The debt is already equal to its entire economy, and in 30 years it could be much worse. The money of the government is mostly used to pay for old promises like pensions and healthcare for retired people, and now, just paying interest on the debt will soon eat up 1 out of every 5 tax dollars
The United States is slowly moving towards a dangerous financial crisis due to unsustainable debt, short-sighted policymaking, growing inequality, and involvement in multiple wars. As spending on various fronts and rising interest rates have depleted much-needed government funds, the leadership is prioritizing political gain over structural reforms, which is not bringing good results for the concerned.
Rich people are buying gold and Bitcoin to protect themselves if the dollar loses its power. Regular people, though, feel the pain: higher prices, fewer good jobs, less healthcare, and more stress
When the dollar falls and the dollar sign declines, the rich hedge their bets with gold and crypto, not only out of fear but also out of distrust of government and fiat currencies.
It can be said that these problems and crises have given rise to legends like crypto and bitcoin
BTC.