US debt sparks Gold & Bitcoin rally | World Business Watch | WION

US debt sparks Gold & Bitcoin rally | World Business Watch | WION

investors are sending mixed signals
about the future of the US economy on
one hand the price of gold and Bitcoin
are soaring reaching record highs but on
the other hand the treasury market
remains remarkably calm with bond yields
staying low we’ll delve into these
seemingly contradictory Trends and what
they mean what they might mean for the
US fiscal future take a
look the US national debt has ballooned
to a record $27 trillion with a budget
deficit reaching $ 1.7 trillion in
fiscal year
2023 this rapid debt accumulation is
Raising concerns about the country’s
long-term fiscal Health as a result
investors are seeking alternative
sources of value gold prices have surged
to a record high of
$2,431 per ounce often viewed as a hedge
against inflation and economic
uncertainty Bitcoin the leading
cryptocurrency has also experienced
significant gains reaching a peak of $
73,8 and3 in March the treasury market a
key indicator of investor confidence in
the US government’s ability to repay its
debts remains relatively calm yields on
Treasury bonds which reflect the
perceived risk of holding them haven’t
significantly risen despite the growing
debt the US Congressional budget office
projects the US debt held by the public
to reach 106%
of GDP by 2028 compared to 97% in 2023
this rapid growth is fueling anxieties
about a potential debt crisis especially
considering the rising interest payments
on the debt which already exceeding
spending on National Defense in some
months this fiscal pressure is driving
investors towards an alternative assets
like gold and Bitcoin perceived as
Hedges against a weakening US dollar
Bitcoin has also benefited from the
launch of new exchange traded funds and
the Hing event where rewards for mining
are cut in half historically bullish for
its price this conflicting scenario
raises questions about the true risk
perception surrounding US debt our gold
and Bitcoin signaling a coming storm or
is the treasury market justified in its
relative optimism only time will tell
how these concerns will play out in the
future we report weon world is one
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Investors are sending mixed signals about the future of the US economy. On one hand, the price of Gold and Bitcoin are soaring, reaching record highs. On the other hand, the treasury market remains remarkably calm, with bond yields staying low. We’ll delve into these seemingly contradictory trends and what they might mean for the US fiscal future.

#us #bitcoin #businessnews

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