U.S. Dollar Death Spiral ‘Crisis’ Fears Grow After Bank Of America Issues Shocking ‘$1 Trillion Every 100 Days’ Warning Amid Huge Bitcoin, Ethereum, XRP And Crypto Price Boom

• U.S. Dollar Death Spiral ‘Crisis’ Fears Grow After Bank Of America Issues Shocking ‘$1 Trillion Every 100 Days’ Warning Amid Huge Bitcoin, Ethereum, XRP And Crypto Price Boom
  by Billy Bambrough, https://www.forbes.com/
  “The U.S. national debt is rising by $1 trillion every 100 days,” Michael Hartnett, chief strategist of Bank of America, wrote in a note to clients seen by CNBC, adding it’s “little wonder ‘debt debasement’ trades closing in on all-time highs, i.e. gold [at] $2077/oz [and] bitcoin [at] $67,734.”
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  Hartnett predicted the newly created spot bitcoin exchange-traded funds (ETFs) that have taken Wall Street by storm over the last month are on course for a “blowout year,” in part because of the collapse of the U.S. dollar.
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  BlackRock’s IBIT, the largest new spot bitcoin ETF, has this week eclipsed $10 billion in assets under management while Fidelity’s FBTC has raked in $6 billion since their early January debut, pushing the bitcoin price higher in what’s been called bitcoin’s “IPO moment.”
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  Inflows into the new spot bitcoin ETFs have suddenly accelerated over the last two weeks, fueling wild predictions that bitcoin could “steal gold’s crown” as the world’s “prime store-of-value.”
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  U.S. national debt has skyrocketed in recent years, crossing the $34 trillion mark at the beginning of 2024, as Covid and lockdown stimulus measures—triggering wild predictions last year the bitcoin price could boom to $1 million per bitcoin.
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