Reuters: Worsening U.S. debt outlook more reflected in gold and Bitcoin
Market observers said that although the US Treasury market has so far been relatively optimistic about the country's fiscal path, part of the reason for the recent surge in gold and bitcoin prices is concern about the rapid rise in US government debt. The uncontrolled growth of US government debt is attracting more and more attention, as interest payments also account for a larger share of the government's budget. This deteriorating trajectory has boosted demand for bitcoin and gold, which are often used to hedge against inflation and the risk of US dollar depreciation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Daily Digest (February 21) | $IP futures liquidations near $BTC levels, market sees positive news for $NEAR and $LTC

Limited Time Spring Rewards Just For BGB Holders!
A trader bought 6783 $SHADOW 17 days ago and currently has a floating profit of $1.15 million
Trending news
MoreCrypto prices
More








