Every time a new Bitcoin Block is found, US prints almost $100 million!!!

[pooya87]

The situation with fiat printing has gotten so much worse ever since I created a similar topic over a year ago on 2024-03-05 and bitcoin price was roughly $65k back then.

Every 100 days the US national debt is increased by over a trillion dollar! That is about $69 million every time we find a new Bitcoin Block (ie. 10 minutes on average) and "print" 6.25BTC which is worth only about $400k.

Now every 70 days the US national debt is increased by over a trillion dollar! That is almost $100 million every time we find a new Bitcoin Block (ie. 10 minutes on average) and "print" 3.125BTC which is worth only about $350k.
Undervalued?

P.S. The US government has been shut down for the past 25 days but they forgot to unplug the fiat printers LOL

[Zaguru12]

Now every 70 days the US national debt is increased by over a trillion dollar! That is almost $100 million every time we find a new Bitcoin Block (ie. 10 minutes on average) and "print" 3.125BTC which is worth only about $350k.
Undervalued?

P.S. The US government has been shut down for the past 25 days but they forgot to unplug the fiat printers LOL

Where do the government actually runs to at least the digital dollar (CBDC) has also failed, I think they will continue to run into more debts to print more fiat currency because it’s what they do.

Come to think of it this been compared with how bitcoin is mined, and we are here on the forum saying mining is not longer profitable, I think even a solo miner of bitcoin wouldn’t run into such debt even if it is a block they get to mine a day.

Nonetheless this is a post reminder for anyone thing of hoarding or stacking fiat currency, the devaluation is just getting started.


Outta context

Congrats on your 12k merits

[Satofan44]

The situation with fiat printing has gotten so much worse ever since I created a similar topic over a year ago on 2024-03-05 and bitcoin price was roughly $65k back then.

Every 100 days the US national debt is increased by over a trillion dollar! That is about $69 million every time we find a new Bitcoin Block (ie. 10 minutes on average) and "print" 6.25BTC which is worth only about $400k.

Now every 70 days the US national debt is increased by over a trillion dollar! That is almost $100 million every time we find a new Bitcoin Block (ie. 10 minutes on average) and "print" 3.125BTC which is worth only about $350k.
Undervalued?

P.S. The US government has been shut down for the past 25 days but they forgot to unplug the fiat printers LOL

We need a chart, US debt and BTC price with a projection based on recent data.

Where do the government actually runs to at least the digital dollar (CBDC) has also failed,

In essence a CBDC is nothing special. Most money is already digital and they are tracking as much of it as they can. This would just increase their power in regards to the existing abilities even more. I would not be so dismissive of the CBDC idea. In America it may be currently unwelcome, but other places like the EU are rolling it out soon.

I think they will continue to run into more debts to print more fiat currency because it’s what they do.

Correct, but it is a separate and complex issue. Due to stupid policies, decision making and fake economic experts with various rewards we have driven the world into this corner. There is no good solution for them to get out of this now.

Come to think of it this been compared with how bitcoin is mined, and we are here on the forum saying mining is not longer profitable, I think even a solo miner of bitcoin wouldn’t run into such debt even if it is a block they get to mine a day.

Unless you have access to really cheap electricity, it is not profitable to mine at your home.

[Btcdeybodi]

What can i say? they should keep printing more fiat currency and cause devaluation and inflation while people find refuge in bitcoin as a store of value right I think US is giving us enough reasons to find shield in bitcoin since they can no longer protect our own money from inflation. Let them keep printing more and end modern slavery known as FIATs

[Obim34]

There is never scarcity in fiat.

Here is a story of how minting machines were found in the home of a government official.

Money Minting Machines in Gwarzo's House

Comparing to Bitcoin, everyone has the privilege's to print (mine) Bitcoin, one individual or body doesn't hold the power to control thsupply, it mask as an equal opportunity for anyone interested.

Fiat - Unlimited supply, no control for printing -  Inflation and currency devaluation.

Bitcoin - Limited supply, control for mining (halving) - Protects inflation and less supply, scarcity, high demands which increases Bitcoin value.

[pooya87]

I think US is giving us enough reasons to find shield in bitcoin since they can no longer protect our own money from inflation. Let them keep printing more and end modern slavery known as FIATs

Yeah, and the worst part is that it is not just in the US. The world has gone crazy and other governments have been printing fiat like crazy, maybe not as massively as US is but they are still doing it. It is a terrible cycle as well: the governments face budget deficits >> they print money to cover it >> the increased fiat supply creates inflation >> the government expenses go up and they face a bigger budget deficit >> they print more money to cover it

In case of US part of the reason is the debt itself which is the reason why they are basically "hemorrhaging money".
This debt is bought by other countries (the bonds the US government sells them) and the US has to pay interest on it to the bag-holders of those "debt bonds". I listened to a fantastic report today that started with something like this: China built its empire using US taxpayer money (talking about the billions of dollars of interest US government has been paying to China for many years because the Chinese have been the biggest bag-holders of that "debt bonds").

[Alphakilo]

So far, I doubt there's a direct correlation between the U.S printing almost $100million in fiat currency because of new Bitcoin blocks that were created because, it takes roughly about 10 minutes for a new Bitcoin blocks to be found and that would mean a huge amount if we get to multiply;
$100 million × 6 per hour × 24 hour per day = $14.4 billion per day.

The estimated rate  so far is but an oversimplification of the current state and it is not tied to the timing of the Bitcoin network protocol.

[Ivystar5]

You might have a special focus on US government but it's a general statement, governments are printing large amounts of fiat everytime bitcoin blocks are found but then we aren't lossing especially those of us in bitcoin but then if we think about things in a right way, we are only storing value because the devaluation that is caused by the excessive printing affects us directly or indirectly since price of goods and services will increase which our money in bitcoin also increases.

For instance if a car is 10 grands in four years of excessive printing and/or within a bitcoin cycle, price might double or triple whereby leaving you in a position where you have to use your a bigger percentage of profit from saving or investing in bitcoin to buy the same car of 10 grands 5 years back.

So it's still hurts regardless we found shield in bitcoin.

[Cryptoprincess101]

The situation with fiat printing has gotten so much worse ever since I created a similar topic over a year ago on 2024-03-05 and bitcoin price was roughly $65k back then.

Imagine keeping fiat of $10000 in the bank as at then when the price of bitcoin was $65k and holding $10000 worth of bitcoins. Now, the fiat currency will either remain $10000, or a minor interest will be topped while $10000 BTC is almost x2 when bitcoin price reached the ATH $126k which if we go by your date 2024-03-05, it just happened in a space of a year and 7 months. It is becoming clear that inflation will never seize since fiats is being printed excessively whereas bitcoin has a limited supply of 21 million which as it becomes scarcer, it's value increases. Bitcoin is sure the way out, i see no other escape route to this madness!

[Floxynice]

Is anyone thinking what I am thinking? While the government keeps multiplying the total supply of fiat and destroying the scarcity concept of money, miners on the other hand keep slashing the supply of Bitcoin into half every 4 years, making bitcoin even more scarce and valuable. Now we can all see which currency is more fit to be used as money.

The government thinks they are wise in all their decisions, yet they keep battling with economic issues every day. I am glad that some of these governments are beginning to learn from their mistakes by incorporating bitcoin into their systems. Even at that, they won't stop dealing with fiat as that is one major means they use to steal from the people and lie to them.

[Bluedrem]

Fiat supply increases by political decision but Bitcoin supply increases by mathematical. That is, when the coin supply reaches 21 million, it will stop. You are right that as the days go by, Fiat supply is increasing aggressively while Bitcoin is becoming scarce.
With Bitcoin, we are able to unveil the face of Fiat currency losing value. And people may have understood the reality, so they are gradually leaning towards Bitcoin, maybe in the future they will lean more. In view of this, we can say that Bitcoin is still cheap.

Fiat is dying of unlimited supply and Bitcoin is thriving at 21 million.
Its value will increase slowly and then suddenly 🚀

[Ambatman]

We need a chart, US debt and BTC price with a projection based on recent data.

You can check out this site. US Debt

This debt is bought by other countries (the bonds the US government sells them) and the US has to pay interest on it to the bag-holders of those "debt bonds".

According to the link I shared above
every citizen of the United States owes $111,364 and pay almost $3 billion($2.6 Billion to be exact) on interest everyday.
I really don't know how they would ever fill this gap and seems like a fall is inevitable.

[Cookdata]

What can i say? they should keep printing more fiat currency and cause devaluation and inflation while people find refuge in bitcoin as a store of value right I think US is giving us enough reasons to find shield in bitcoin since they can no longer protect our own money from inflation. Let them keep printing more and end modern slavery known as FIATs

My problem with this is that there are some people that are subconsciously lock on this. Ask your average friend about national debt and they don't understand anything about it and the ones that knows will give you an opinion supporting the financial system yet they complain about inflation, how price of things aren't adding up yet they don't read about what's happening behind the scenes about every monetary policies their central banks are doing everyday.

So far, I doubt there's a direct correlation between the U.S printing almost $100million in fiat currency because of new Bitcoin blocks that were created because, it takes roughly about 10 minutes for a new Bitcoin blocks to be found and that would mean a huge amount if we get to multiply;
$100 million × 6 per hour × 24 hour per day = $14.4 billion per day.

The estimated rate  so far is but an oversimplification of the current state and it is not tied to the timing of the Bitcoin network protocol.

Your estimation isn't as accurate. OP did a simple maths.

10 minutes is just an average time miners found a new block but there are times it takes more than 10 minutes and there is times it takes less than 10 minutes; it's all depend on the network mining difficulty.

If the US can prints $1T in 70 days, just divide total money that was printed in the blocks that can be found in 70 days, that's an average of $100m, slightly higher or lower depending on how the network adjust the mining difficulty.

[Felicity_Tide]

According to the link I shared above
every citizen of the United States owes $111,364 and pay almost $3 billion($2.6 Billion to be exact) on interest everyday.
I really don't know how they would ever fill this gap and seems like a fall is inevitable.

I had to skim through the website from the link you shared. I navigated a few pages, and all I can say is, there is no way they are coming out of this. From the stats, the US had a higher deficit in 2024 than in 2020, which I believe was one of the worst years economically for every country. Like, how can we even explain that?.

It seems that, at the end of the day, the masses are literally working to pay off the debts of their country, while the government has automated the Ctrl+P on the printing machine.

[yhiaali3]

What an amazing achievement in the US national debt in just one year, from $69 million every time we find a new Bitcoin block to $100 million. Wow, that's an enviable achievement for the US government!

By contrast, Bitcoin's value has risen from $400,000 for 6.25 Bitcoin to $350,000 for 3.125 Bitcoin. Yet, central governments continue to warn of the risks of investing in Bitcoin due to its high volatility.

[Jegileman]

The reality and the many loopholes in holding the fiat currency is getting exposed everyday. How can a country prints so much fiat currency in order to fight inflation, there is now way they’re going to win this and the devaluation of the fiat currency is just imminent more than we can imagine. Inflation will strike and it’ll hit them so badly that they never imagined. The real digital currency is Bitcoin and it’s an edge against inflation. Let the fiat be dumped and Bitcoin digital currency be embraced for long term value of your money.

[aoluain]

The thread title alone is just scarily crazy. And then to read how their national debt
is eye wateringly expanding is unbelievable.

Where oh where is it going to end, whenever it is its not going to be pretty.

We just need Europe to crank up the printing presses to catch up with the US
printing efforts or else when Bitcoin hits $1,000,000 it will be only €500,000 !

[Supreme Donvic]

What can i say? they should keep printing more fiat currency and cause devaluation and inflation while people find refuge in bitcoin as a store of value right I think US is giving us enough reasons to find shield in bitcoin since they can no longer protect our own money from inflation. Let them keep printing more and end modern slavery known as FIATs

Some US citizens are already finding refuge in Bitcoin those that have or are investing in Bitcoin will surely be safe when inflation hit, but I'm still very surprised that such a thing is been done by the US government I believe they should understand that printing more Fiat will cause them more harm than good, well I love the fact that the world now has Bitcoin and you can now protect yourself from inflation a little bit it all depends on how serious you take your bitcoin investment, Bitcoin has given us some level of control so we should take that very serious.

[uchegod-21]

The reality and the many loopholes in holding the fiat currency is getting exposed everyday. How can a country prints so much fiat currency in order to fight inflation, there is now way they’re going to win this and the devaluation of the fiat currency is just imminent more than we can imagine. Inflation will strike and it’ll hit them so badly that they never imagined. The real digital currency is Bitcoin and it’s an edge against inflation. Let the fiat be dumped and Bitcoin digital currency be embraced for long term value of your money.

This is just to prove to you that they have run out of solutions  and are now following their instincts to do what they think is right. No sound economic doctrine, just a faulty effort to fix a serious economic problem temporary. In the end, it leaves a long lasting consequence. Whoever advices the government to print more fiat to fight inflation is wrong. It is just like a person who says he wants to quench fire but pours petrol on it to make the fire go off.

Alot of people have lost confidence in fiat,all eyes now are on bitcoins. Both individuals, institutions and the government are now realising that bitcoin is that currency that can hedge against inflation for long term.

[snipie]

The situation with fiat printing has gotten so much worse ever since I created a similar topic over a year ago on 2024-03-05 and bitcoin price was roughly $65k back then.

And the situation will not get any better in the next year and the year after especially if China and Europe will adopt e-FIAT.

P.S. The US government has been shut down for the past 25 days but they forgot to unplug the fiat printers LOL

Since the USD is no longer covered by gold, the US government has no shame on issuing the green papers like it was toilet papers. It has no real value if it was pulled from international reserves and transactions and the government knows this very well, that's why they menace everyone with sanctions if they use anything else except the dollar.