Bullboard - Stock Discussion Forum Hut 8 Corp HUT

Alternate Symbol(s): T.HUT

Hut 8 Corp. is a data mining company. The Company is a vertically integrated operator of large-scale energy infrastructure and bitcoin miner. The Company acquires, designs, builds, manages, and operates data centers that power compute-intensive workloads, such as bitcoin mining, high performance computing, and artificial intelligence (AI). The Company operates through four business segments... see more

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Hut 8 Corp > Bitcoin will reach 150,000 soon

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Post by checkup on Nov 03, 2023 11:18pm

Bitcoin will reach 150,000 soon

I asked ChatGPT how long it would take the US government to pay back 33 Trillion of its debt.

This is the answer:

According to a report by Business Insider, the US government has a debt of over 33 trillion dollars 1 2. The interest rate on this debt is currently 5% 1.

To calculate the time it would take to pay back this debt, we need to know the amount of money that the US government can allocate towards paying off the debt.

Assuming that the US government can allocate $1 billion per day towards paying off the debt, it would take approximately 90,411 years to pay off the entire debt 2.

Please note that this is a rough estimate and does not take into account factors such as inflation, changes in interest rates, and other economic factors that could impact the repayment of the debt.

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