Analyst: US debt and inflation could push Bitcoin to $1 million
- —US national debt has topped $40 trillion, with annual interest costs above $1 trillion
- —In 2007, with similar yields, debt stood at $8.9 trillion — a 4.5x increase
- —M2 money supply hit a record $23.34 trillion in August, up 5.7% year-on-year
- —A $5,000 payment to every adult would cost roughly $1.2 trillion
Why it matters: The inflation-erosion argument reinforces Bitcoin's narrative as a hedge while rising Treasury yields pressure risk assets.
Source: TokenPost