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 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…