JPMorgan CEO Warns US Debt Has Risen From 50% to 100% of GDP
- —Dimon: US debt rose from ~50% to 100% of GDP
- —Treasury debt held by the public is $30.2T, about 99% of GDP
- —Higher borrowing may lift rates and the cost of capital
- —Elevated rates are a near-term headwind for bitcoin
Why it matters: Surging US debt strengthens the case for bitcoin as an alternative asset, but higher bond yields could pressure it in the near term.
Source: Siam Blockchain