US debt tops 40 trillion is the end near?

[philipma1957]

https://finance.yahoo.com/economy/policy/articles/us-debt-crosses-40-trillion-200824238.html?


40,000,000,000,000/330,000,000=121,212.121

each American's piece of that is $121,212.12

quite impressive.


So when does the dollar collapse and BTC take over?

[pooya87]

Ever since this historical record was broken (or basically as soon as it was in sight and the news came out) bitcoin has been rallying. It is already 12% up and has touched $70k and the momentum seems to be getting stronger for the time being.

Fiat failure == Bitcoin success

[PostQuantumBTC]

No country in the world has debt like the US, but the country has wise leaders because US is a very great country except the war which is not necessary that they are fighting with Iran.

The debt is not the reason I will not save USD, the reason is generally because of what government are doing to fiat and not only US dollar alone. These currencies are devalues by the government as usual all over the world.

More longer time means inflation and fiat will be devalued again.

[Zaguru12]

Fiat failure == Bitcoin success

I agree with this, I think the news around the US dollar dropping this week already is a signal that bitcoin acts a strong inverse currency to the fiat. Many will say it’s coincidence but let’s be realistic coincidence like this are not usual because whenever the fiat faces crises then we see bitcoin gaining. This shouldn’t be mistaken as bitcoin looking to replace the fiat currency rather investors now have a perfect alternative to an highly inflationary currency like the fiat.

If US debt continues to grow, people lose confidence on holding or using it as a saving and this is great one for bitcoin because it increases its demand and even adoption

[welovebit]

Ever since this historical record was broken (or basically as soon as it was in sight and the news came out) bitcoin has been rallying. It is already 12% up and has touched $70k and the momentum seems to be getting stronger for the time being.

Fiat failure == Bitcoin success

Fiat going to be face many challenges because things are getting worst for many due to this economical situation which is not easy to handle for anyone now Bitcoin is already above $72K mean pressure is mounting and Bitcoin strength working.
Can Bitcoin keep this momentum for long time because whales always make their move after having good move from bitcoin they are having their own interest and greediness as things are going I am sure now its going to be have good level before September last months of year always have good sentiments.
Bitcoin keeps going; it's a good time to stay on the rise.

[Accardo]

The bad thing with US debt increase is the uncertainty of what government and private companies do with the borrowed money, it's very certain to see US debt rate double in less than a decade, if republicans continue to go into war like they're doing with Iran. I saw a video of Hegseth asking for additional $1trillion dollars to finance the war against Iran, probably the 1 trn he previously took from congress yielded nothing close to a trillion Dollars. Secondly, at the very end of this ongoing AI race, which the US government is not so sure of how much money they'll make from it, Dollar will collapse.

[Curious T]

If US debt continues to grow, people lose confidence on holding or using it as a saving and this is great one for bitcoin because it increases its demand and even adoption

I doubt people will lose confidence in the US dollar simply because the US debt has increased. It has been high for a long time, and nothing happened. It might create a demand for bitcoin, but it won't be significant enough to cause a loss of confidence in the USD. I don't know what caused the recent demand, but if it's the news, then it will just be a short while. With time, the dollar will gain momentum again. Although I didn't notice much change in the price of the dollar.
No need to celebrate fiat losing value anyway. Even though we might have a way to protect our savings with Bitcoin, we would still suffer inflation.

[Frankolala]

The debt is not the reason I will not save USD, the reason is generally because of what government are doing to fiat and not only US dollar alone. These currencies are devalues by the government as usual all over the world.

I would rather, save my future savings in bitcoin instead, of USD because bitcoin is a good store of value overtime and gives you additional profit while, Fiat is the opposite, a physical shitcoin. This is the difference between the rich mindset and the poor. The poor prefers to save in Fiat and become broke overtime. The rich put their money into long term valuable assets that generates more profit for them and get richer overtime. However, if your country fiat currency has no value, USD is good for short term savings.

[philipma1957]

Fiat failure == Bitcoin success

I agree with this, I think the news around the US dollar dropping this week already is a signal that bitcoin acts a strong inverse currency to the fiat. Many will say it’s coincidence but let’s be realistic coincidence like this are not usual because whenever the fiat faces crises then we see bitcoin gaining. This shouldn’t be mistaken as bitcoin looking to replace the fiat currency rather investors now have a perfect alternative to an highly inflationary currency like the fiat.

If  As the US debt continues to grow, people lose confidence on holding or using it as a saving and this is great one for bitcoin because it increases its demand and even adoption

I fixed your error.

The only way the USA stops increasing debt is we all die in a war.

The USA debt will be over 50 trillion in under 5 years

it went from 30 to 40 trillion during the 2022-2026 time frame
it went from 20 to 30 trillion during the 2017-2022 time frame
it went from 10 to 20 trillion during the 2008-2017 time frame

one reason the usa does this is it hurts

fairly rich
high middle class
middle class
poor

way way way way more than it hurts the super rich

so the super rich like the move.

Ie if I have 2 billion and inflation doubles I am worth 1 billion but still doing fine
but if I have 10 million and drop to 5 million it will hurt as I could run out of money
and if I have 1 million and drop to 500k it will hurt and I likely will run out of money
and if I have 10k and drop to 5k I am really hurting

[mindrust]

Ever since this historical record was broken (or basically as soon as it was in sight and the news came out) bitcoin has been rallying. It is already 12% up and has touched $70k and the momentum seems to be getting stronger for the time being.

Fiat failure == Bitcoin success

The number isn't that important imo. Does it matter whether it is 40 trillion or 140 trillion as long as it stays same for a decade? The problem is the acceleration rate of the debt. It is getting bigger and bigger and it is happening very fast. Bitcoin indeed looks like a safer bet compared to FIAT since it has limited supply and lots of demand. FIAT is sought after too but the central banks are printing more than the actual demand and we don't have problem with bitcoin.

[philipma1957]

Ever since this historical record was broken (or basically as soon as it was in sight and the news came out) bitcoin has been rallying. It is already 12% up and has touched $70k and the momentum seems to be getting stronger for the time being.

Fiat failure == Bitcoin success

The number isn't that important imo. Does it matter whether it is 40 trillion or 140 trillion as long as it stays same for a decade? The problem is the acceleration rate of the debt. It is getting bigger and bigger and it is happening very fast. Bitcoin indeed looks like a safer bet compared to FIAT since it has limited supply and lots of demand. FIAT is sought after too but the central banks are printing more than the actual demand and we don't have problem with bitcoin.

0 to 398 billion took from 1776 to 1971

to be fair
I used Nixon taking us off the gold standard which is when I belief debt really took off

398 billion to 10 trillion took from 1971 to 2008 
10 to 20 trillion took from 2008 to 2017 ........... 9 years
20 trillion to 30 trillion took from 2017 to 2022   5 years
30 million to 40 trillion took from 2022 to 2026.  4 years

it is easy to Biden and trump smoked us bigly those 4+4+2=10 years

we added 20trillion to move from 20 trillion to 40trillion.

I see a real move to kill off the usd happening and as you said speeding up.

[Woodie]

So when does the dollar collapse and BTC take over?

The cracks only show when the citizens start to feel the price of basic needs goes up.. all thanks to inflation, btw I think if Iran succeed with it's pay with Yen or Bitcoin in an effort to drop dependence of the petrodollar this would weaken the dollar that's why Trump certainly can't afford to lose his grip on this because the ripple effect could be damaging .. but whatever happens BTC better remain a parallel currency to avoid getting into the political arena.

No country in the world has debt like the US, but the country has wise leaders because US is a very great country except the war which is not necessary that they are fighting with Iran.

Don't want to push this to become a political debate, but his own citizens wouldnt agree to this wise leader statement