Debt is becoming the world's true reserve asset, and that's why #Bitcoin exists!

The chart shows that the total debt/GDP ratio of developed economies has been steadily increasing for over two decades.
🇯🇵 Japan: 357% GDP
🇫🇷 France: 325% GDP
🇺🇸 USA: 250% GDP
🇦🇺 Australia: 227% GDP
🇬🇧 UK: 219% GDP
🇩🇪 Germany: 197% GDP
-> Even after the period of highest interest rates in decades, the debt ratio has hardly decreased significantly.
The major problem lies in the fact that governments cannot repay their debts, central banks find it difficult to maintain high interest rates for too long, and the system needs continuous credit growth to survive a vicious cycle:
High debt → need for liquidity → currency devaluation → need for more debt.
#Bitcoin is increasingly seen as an alternative reserve asset, and even central banks are looking at the growth rate of blockchain and cryptocurrencies.
- #Bitcoin is not a bet on technology.
#Bitcoin is a bet that the rate of debt creation will continue to outpace the rate of real economic value creation.
The question now is how much new liquidity the world will need to sustain a system operating at the highest leverage level in history. #Bitcoin will soon reach $150,000!
#Bitcoin #BTC #Macro #Debt #Liquidity #Gold #Investing