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US Debt Hits $25T — Stimulus Checks That Bought Bitcoin Now Worth $1.6K

From cointelegraph.com

Bitcoin (BTC) proponents are in shock once again this week as the true extent of the United States’ fiat debt bubble becomes clearer. Citing statistics from the U.S. Treasury on May 7, markets analyst Mati Greenspan noted that the country’s total national debt has passed $25 trillion for the first time ever. U.S. adds $24M of debt per minute The unenviable achievement follows several huge rounds of public financing from the Trump administration via the Federal Reserve. Since April 9, the debt mountain has increased by $1 trillion. That, Greenspan notes, is the equivalent of $24 million every single minute last month. ... (full story)

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