According to the report, this dire prediction makes a compelling bullish case for leading cryptocurrencies such as Bitcoin and XRP. U.S. Debt Death SpiralBambrough first pointed out Bitcoin’s recent surge above $37,000, significantly contributing to the broader crypto market’s upward trajectory. Specifically, Dalio raised a red flag about the staggering U.S. debt pile, reaching a monumental $33.7 trillion. The Forbes senior contributor believes the projected U.S. “debt death spiral” could lead to a collapse of the U.S. dollar and trigger a surge in the price of Bitcoin, XRP, and other cryptocurrencies. With Bitcoin gaining in value amid a U.S. dollar collapse, other digital assets like XRP are bound to follow a similar trajectory.
Source: Forbes November 20, 2023 07:31 UTC