US National Debt Soars as Bitcoin Remains Relatively Affordable
The US Department of Treasury has added a staggering amount to the national debt, surpassing half of Bitcoin’s market capitalization in just one day. The national debt grew by $275 billion, reaching a record-high of $33.442 trillion. In comparison, the market cap of Bitcoin currently stands at $536.69 billion.
Bitcoin’s Price and Potential
Although Bitcoin’s price is higher than its early days, it is still significantly lower than its all-time high of $69,000 in November 2021. This has led many traders and investors to consider it a good time to invest in the cryptocurrency.
Renowned author Robert Kiyosaki, known for his book “Rich Dad Poor Dad,” believes that Bitcoin is currently a relatively affordable investment. However, he predicts that as more people recognize its advantages and rush to acquire it, the price will inevitably increase.
Hot Take: Is Bitcoin an Affordable Investment?
With the US national debt soaring and Bitcoin remaining relatively affordable compared to its ATH, there is growing interest in investing in the cryptocurrency. As renowned figures like Robert Kiyosaki endorse Bitcoin as a valuable asset, more individuals may be inclined to purchase it while it is still within reach. However, with the unpredictable nature of cryptocurrencies, it is essential to carefully consider the risks and do thorough research before making any investment decisions.
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