What a Debt Crisis Means for Bitcoin
Bitcoin, like gold before it, turns crisis into opportunity.
Ever since Nixon broke the dollar in 1971, the dominant economic story in the West has been rising debt and slowing growth. This is unsustainable, and likely leads to a crash. How will that crash affect Bitcoin?
First, why the crisis. The debt is rising because low interest rates subsidize new debt, and without the threat of gold export, central bankers…
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