Bullish For Bitcoin?
The United States treasury is expected to issue $3 TRILLION in debt within a 3-month time span. Is this bullish for Bitcoin? I’d say so.
BULLISH FOR BITCOIN: US GOVERNMENT EXPECTED TO RACK UP $3T OF DEBT IN 3 MONTHS
In a statement Monday, the Treasury department of the U.S. government said it is borrowing a record of $2.999 trillion — just a billion shy of the headline figure. This will be for the second quarter of this year, 2020. This means that the U.S. national debt of $24.9 trillion, according to estimates, could rise by over 10% in the coming two to three months.