The US national debt now stands at $21.974 trillion, a 10% increase since President Donald Trump took over the oval office. And according to Jake Chervinsky, bitcoin is just the needle people need to pop the debt bubble.
Fed Chair Jerome Powell, talking about the $22 trillion US debt:
"I'm very worried about it, but from the Fed's standpoint . . . the long-run fiscal non-sustainability of the US federal government isn't really something that plays into . . . our policy decisions."
— Jake Chervinsky (@jchervinsky) February 1, 2019
The securities lawyer of Kobre & Kim LLP said Friday that investors should buy Bitcoin, a stateless digital asset, to protect their portfolios against the budget deficit. He advised after Federal Reserve chief Jerome Powell said at The Economic Club of Washington, D.C. that he was worried about the ballooning government debt.
“From the Fed’s standpoint, we’re looking at a business cycle length:…
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