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What no one wants to hear is that we need to cut government spending pretty drastically. We also need to raise taxes on the wealthy some. We also need close loopholes. If we do all this, we “might” have a chance to not have a debt death spiral. Right now it’s 34 trillion.… Bitcoin is considered a major hedge against currency devaluation and a store of value, accounting for why firms like MicroStrategy Incorporated have continued buying the cryptocurrency at every opportunity it gets.
Rather than the U.S. Dollar, which is being printed indiscriminately, Bitcoin has a maximum supply of 21 million. This sum is emitted in bits, and the last Bitcoin will not be mined until 2140, owing to the provisions encoded in the Galaxy Digital and Invesco co-own a spot Bitcoin ETF, a product that also contributes to the scarcity of Bitcoin through intense, regular accumulations.
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