BITCOIN WILL BECOME THE ULTIMATE STORE OF VALUEBitcoin will become the ultimate store of value and the ultimate currency to have for the whole world.
In the old days, whenever there's Wars, financial turmoil, total chaos and destruction, people will either buy US Dollar or Gold. US Dollar always comes 1st. Gold will come in 2nd
In the new era.. during Covid 19 chaos, everyone buys Bitcoin and some money went into the US Dollar and Gold.......... Bitcoin 1st , US Dollar 2nd, and Gold 3rd
Bitcoin is now the " Ultimate Store of Value " ... people no longer flock to the dollar or gold like they used to.
UNITED STATES might lose its WORLD RESERVE CURRENCY STATUS within 1 decade due to its heavy debt load and its irresponsible money printing.
Let's look at the US debt to gdp ratio ..
During the 2018 Trump tax cuts, the US national debt was already $21.5 trillion .. the US debt to gdp ratio was already 104% ... running a deficit over a $trillion. ( heading for a financial disaster )
US national debt hitting $26.5 trillion at the end of 2020 Q2 with a debt to gdp ratio of 136%
Now in early 2021, once Biden passed his $1.9 trillion stimulus... US is on its way with a $30 trillion national debt and is not slowing down.. now US debt to gdp ratio are up to 155% closing in on Japan debt King. There's a difference between US and Japan's debt... the japanese debt are bought by their people... US debt are bought by Americans and FOREIGN COUNTRIES.
Foreign Countries are having 2nd thought of buying more USD, they will eventually JUST BUY BITCOIN and that's it. Gold is a great investment and store of value ONLY if the price is not MANIPULATED
How much money does US takes in every year ? Income
How much money is the country spending ? their budget
United States is running a $1 TRILLION + DEFICIT before Covid-19 took place .. it was going out of control already. After Covid-19, the 2020 US deficit balloned to $3.7 trillion
The US Government takes in $3.71 trillion ( est ) .. this is how much money they take in annually. If your budget is higher than what you take in .. it becomes a DEFICIT.
US ran a $3.7 trillion deficit in 2020.... just the interest payment on the national debt estimated at $378 billion. ( $378 BILLION INTEREST PAYMENT IS BASED ON AVG 1.3% extremely low interest. )
US NATIONAL DEBT NOW HITTING $30 TRILLION !!
If US have to pay 5% interest on this debt, you looking at $1.5 trillion
US BUDGET SPENDING are broken into 3 categories
1) Manadatory Spending.. like social security, medicare and income security, medicaid, etc
2) Discretionary spending.. DEFENSE, education, transportation, veterens, administrative, etc
3) Paying interest on the US National Debt .. the debt now hitting $30 trillion
So far US can't even get out of the $1 trillion deficit that they're paying year after year after year BEFORE the Covid 19 crisis even took place.
Expect USA to run a $2 trillion deficit year after year after year
( this is the best case scenario but still a dead end case scenario leading to the end of the US Dollar and the ultimate rise of BITCOIN )
Bitcoin replacing Gold,
Bitcoin replacing Bonds
Bitcoin ulrimately replaces the USD
USD still going to have its place but more like a demoted currency.
Crypto Currency going to be the King like Bitcoin
US Digital Currency always going to be below Bitcoin as a store of value.
To tell you the truth... there's no store of value in the US Dollar or any other fiats.
The purchasing power of the USD gets debased... devalued.. depreciate ... every single year. US Dollar is not s Stor of Value.