Global debt tops $365 trillion as bitcoin and gold gain appeal as currency-debasement hedges
- —Global debt rose $10 trillion in six months to over $365 trillion, per IIF
- —US debt topped $40 trillion with $1.27 trillion in annual interest costs
- —Dollar purchasing power has fallen 23% since 2020, analysts say
- —US inflation has exceeded the Fed's 2% target for 60 straight months
Why it matters: Rising debt and fiat weakness strengthen the bitcoin debasement-hedge narrative, though higher rates could still curb flows into risk assets.
Source: TokenPost