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U.S. government's debt grew by $275 billion in just one single day. To put it into perspective that is an amount worth over 25% of total crypto market cap, over 51% of BTC's market cap. Speaks volumes about how current market cap of crypto is just a drop in the ocean with a lot of potential upside.
So total US debt just reached a record $33.5 trillion which is a mesmerizing number. Just on October 3rd, the debt grew over $275 billion, and that is debt of just one country that has less than 5% of total global population.
Total US debt. Source: Samson Mow Twitter https://preview.redd.it/qsf8km2d19sb1.jpg?width=1074&format=pjpg&auto=webp&s=1c5268e06afe60078c8f9677221a36bde6dd1cfe
Everyone constantly spouts how crypto market is already overblown, how 1 trillion is already a huge market cap, and that they can't see it growing too much, but putting these financial references into perspective shows what huge potential upside crypto market actually has in improving, and that jokes aside, we still might be kind of early.
What one single country added to their public debt in one day is higher than the current total market cap of Ethereum.
#cryptocurrency
So total US debt just reached a record $33.5 trillion which is a mesmerizing number. Just on October 3rd, the debt grew over $275 billion, and that is debt of just one country that has less than 5% of total global population.
Total US debt. Source: Samson Mow Twitter https://preview.redd.it/qsf8km2d19sb1.jpg?width=1074&format=pjpg&auto=webp&s=1c5268e06afe60078c8f9677221a36bde6dd1cfe
Everyone constantly spouts how crypto market is already overblown, how 1 trillion is already a huge market cap, and that they can't see it growing too much, but putting these financial references into perspective shows what huge potential upside crypto market actually has in improving, and that jokes aside, we still might be kind of early.
What one single country added to their public debt in one day is higher than the current total market cap of Ethereum.
#cryptocurrency
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