usa goverment 3.13 tril. defict its enough?

[wheelz1200]

If the reason for Bitcoin hitting $15,000 this year is the falling value of the US dollar, partly due to its ballooning deficit, I am sure a lot of Bitcoin owners and hodlers outside the USA would also be disadvantaged in one way or another.

A largely weakened USD might mean another country's local currency rising in value. So those who are taking advantage of the exchange rates between their local fiat currency versus the USD will also be facing a decrease of profit.

If bitcoin goes to $15k its because usd is devaluing?  So why did bitcoin go to $20k in 2017?  Or dump to $3k is that because in 2018 usd value soared?  I don't think there is a direct link between US economy and the price of bitcoin.  Besides if it is tied together it should be with the world economy not just the United States.

To be fair it's BTC is being hedge against USD because USD is still the main currency around the world. We can't compare the surge of BTC in 2017, different economic scenario, it is the beginning of BTC and crypto in general, and probably one reason for it's massive increase is that young investors thought that it will go on parabolic rise, they got REKT eventually and learn their lessons. US being the leading world economy would have a big impact on BTC, just wait till the US presidential election next month and see how it will affect the price be positive or negative.

So you are saying if the price goes up or down next month its because of the election?  I don't think its that simple with explaining bitcoin price moves.  Manipulators can hide behind the guise of "world events" and pull the strings.  I do agree these things do have a piece of the reason just not as much as most people think.

[exstasie]

Suicide rates soared post 2008 economic crisis. During times of economic trauma, many lose their jobs, can't afford to pay bills or rent. It translates to suicide rates climbing significantly. At a certain juncture we might ask whether additional suicide deaths caused by economic lockdowns are resulting in a higher suicide casualty rate than the number of deaths claimed by the corona virus.

The suicide rate never actually stopped rising after 2007, during the entire economic recovery. The suicide rate in the US reached historic highs just prior to COVID-19. That probably suggests that low unemployment rates and expanding GDP don't tell the whole story, regarding the connection between a poor economy and high rates of depression and suicide.

I also think it would be silly at this point to blame the entirety of economic contraction on the lockdowns. We had more than 10 years of economic expansion prior to COVID-19 and growth was already slowing significantly. Arguably, this recession was already coming.

[Shasha80]

If you look at the worsening world economy, where inflation and debt are increasing. While the price of Bitcoin continues to rise today,
like Bitcoin this year it is very possible will reach a price of $ 15,000. I am quite surprised also with the state of America today, Moreover,
America has experienced a deficit of more than 3 trillion. And maybe if it's like this the USD will be devalued, Even though the USD is still
the best fiat currency until now, with a situation like this there may be surprises in the future. We don't speculate too much now, just wait
and see.

[claire_lovely]

At some point the United States will no longer be able to pay out Social Security and other ponzi scheme obligations, and they will either have to discontinue these programs or print money to the point of hyperinflation like Venezuela. At this point, fixed supply cryptocurrencies like BTC are a very great investment that are free from Federal Reserve manipulation.

[mnporter2001]

Year by year USD will be devalued that some kind of currency will replaced it as world currency, china is pushing forward to replace it by their yuan.

And maybe some time that bitcoin price will not be based on USD, but just BTC.

Why does USD lose value every year while their economy is always the most developed in the world? I think it should be up against the common currencies.

Besides, I have never underestimated USD, nor was I negative about the emergence of BTC in the centralized market. We really shouldn't have such a one-dimensional perspective, why should we think about combining the two and creating a perfect economy? When fiat money is experiencing inflation (current situation), Bitcoin is an asset to help people avoid inflation and they will not be poor. After the economy stabilizes and inflation is over, then fiat money is circulating as usual. Isn't it much better?