Why The $1 Trillion Coin Is Another Reason To Stay Long Bitcoin

Why The $1 Trillion Coin Is Another Reason To Stay Long Bitcoin


In the past weeks, the Bitcoin bulls have shown great strength pushing BTC’s price back into the $50,0000. In the meantime, the members of the U.S. government have re-opened a pandora box in an attempt to elevate their debt ceiling: to mint a $1 trillion coin and prevent it from defaulting on their national debt.

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As Peter St. Onge, a Ph.D. and economic research fellow at Heritage Foundation, explained in a post called “Trillion Dollar Coin: Rocket Fuel for Bitcoin”, the measure has been deferred at the expense of $480 billion taken from the American public, but BTC and its holder have already benefit.

As Onge pointed out, the U.S. government has

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