Global debt in 2020 is at an all-time high of $227 trillion and the rising debt doesn’t seem to be slowing down even as governments around the world continue printing money in bulk.
The government pushes this new money into the economy through free stimulus checks, bailouts, and costly pandemic relief. However, the coronavirus pandemic is not the sole factor to blame for the massive global debt levels we are currently witnessing.
Instead, we have government mismanagement, lavish spending, market manipulations, and the high cost of running public offices to blame. According to research from the IIF:
The pace of global debt accumulation has been unprecedented since 2016, increasing by over $52 trillion.
2021 will not be different as we expect to see the debt triple in size even as governments around the world begin taking measures to kick start the economy, and revive dying sectors that were shut down due to the Corona pandemic.
The Fed Chair Jerome Powell also announced the federal reserves plan to support the continuous growth of the economy and the stock market in any way possible.
This includes printing more money, cutting interest rates, and directly buying assets.
Bitcoin Is The Future
Even as global inflation continues to rise and the value of the dollar slowly fades away, it is important to understand the best steps to take to protect your hard-earned money from the government and its financial experiments.
“Bitcoin” is the answer to that question. With Bitcoin, you can own an asset with a limited amount of supply, and a digital currency that cannot be manipulated or stolen by the government.
With Bitcoin, you can secure your financial future and guaranty your freedom.
Why Buy Bitcoin Now?
The Bitcoin price is still very undervalued and has a lot of upside potential er term can serve as an effective strategy for 10x your portfolio in the long run.
We refer to Bitcoin as the “Digital Gold” because of its non-coloration with the US dollar and the U.S stock market. This attribute makes the cryptocurrency the perfect hedge against a weak stock market and a crashing dollar.
We also created a video below where we carried out an indebt technical analysis on the current Bitcoin price, as well as going out key levels, patterns, and fundamentals to watch out for in the coming days.
To gain more information on how to partake in this coming Bitcoin Bull run and trade this cryptocurrency, you can read my How To Trade Bitcoin Guide. You can also check my top list of Best Bitcoin Exchanges To Trade With