Global #national debt

Speaking at the Eastern Economic Forum in Vladivostok, Anton Kobyakov, a senior advisor to Russian President Vladimir Putin, has claimed that the United States is preparing to use cryptocurrency to wipe out its national debt.

The U.S. Department of the Treasury is now allowing Americans to use Venmo and PayPal to donate money to reduce the national debt, which currently stands at a staggering $36.7 trillion.

In a significant development for the world's largest economy, the United States' national debt has surpassed a historic milestone, crossing $35 trillion for the first time. This staggering figure has sparked concerns about the long-term sustainability of traditional fiat currencies and has prompted discussions about alternative assets like Bitcoin.

As the U.S. federal government's outstanding borrowing hits a staggering $35 trillion, concerns about national debt and its implications for the economy are more pronounced than ever. Historically, mounting national debt has often led to increased inflationary pressures and a loss of confidence in traditional fiat currencies.