๐จBREAKING: Ben Armstrong (formally known as Bitboy) has been arrested by police while livestreaming his attempt to get his Lamborghini back after it was seized by authorities.
Caught on Camera: The Unseen Footage Before Ben Armstrong's Arrest ๐ฅ๐จ
#Bitboy#RichQUACK $QUACK $BEN
Carlos has provided a video that offers a different perspective ๐ฅ.
๐จUS Adds $14B+ to National Debt Daily๐ธ
๐ US debt increases: Over $14B daily โ more than the market cap of the seventh-largest crypto. $DXY $QUACK
๐ฆ In one week: Total US debt surged by $100B, surpassing $33 trillion. #money#RichQUACK
๐ Daily addition: Equivalent to the combined market cap of Cardano and Solana.
๐ Interest expense: Around $3B per day, making the total daily addition over $17B.
๐คฏ Predicted growth: US debt might reach a staggering $45 trillion in the next 4 years.
๐ฐ Issuance and rates: US issuing $2T in bonds in 6 months, causing a spike in rates. Current refinancing happens at doubled rates.
๐ Global Debt Situation ๐
๐ Not just a US problem: Global debt hits a record $307T.
๐ Key contributors: US and Japan majorly driving the debt increase.
๐ต Growth stats: $10T rise in global debt (in dollar terms) in H1 2023, and $100T growth over the last decade.
๐ Crypto vs. Debt ๐
๐ช Crypto market cap: Around $1.09T, considerably smaller compared to national and global debts.
๐ Current state: Crypto market sentiments remain low, with only minor upticks.