Grayscale says US debt crisis sparks jump in Bitcoin, now up 20% in 30 days
Aug 28 2026 21:55 UTC
đš Grayscale points to surging US debt as reason for Bitcoinâs recent rally. đĄ Bitcoin jumped over 20% in 30 days as dollar weakened to a 3-month low. đ The Treasury announced new bond buyback plans after debt hit $40 trillion. đ° Investors move toward $BTC as policymakers grap...
†Grayscale attributes Bitcoin's recent 20% surge to escalating US debt and Treasury bond buyback operations, reviving the 'debasement trade'.
†The US public debt exceeding $40 trillion, coupled with concerns over fiat currency debasement, is driving investors towards Bitcoin as an alternative store of value.
†The article suggests that ongoing government borrowing and money supply expansion could continue to fuel institutional and retail inflows into digital assets like Bitcoin.
Read more at: https://rwatimes.io/articles/coinmarketcap-grayscale-says-us-debt-crisis-sparks-jump-in-bitcoin-now-up-20-in-30-days-823939266?utm_source=binance
Aug 28 2026 21:55 UTC
đš Grayscale points to surging US debt as reason for Bitcoinâs recent rally. đĄ Bitcoin jumped over 20% in 30 days as dollar weakened to a 3-month low. đ The Treasury announced new bond buyback plans after debt hit $40 trillion. đ° Investors move toward $BTC as policymakers grap...
†Grayscale attributes Bitcoin's recent 20% surge to escalating US debt and Treasury bond buyback operations, reviving the 'debasement trade'.
†The US public debt exceeding $40 trillion, coupled with concerns over fiat currency debasement, is driving investors towards Bitcoin as an alternative store of value.
†The article suggests that ongoing government borrowing and money supply expansion could continue to fuel institutional and retail inflows into digital assets like Bitcoin.
Read more at: https://rwatimes.io/articles/coinmarketcap-grayscale-says-us-debt-crisis-sparks-jump-in-bitcoin-now-up-20-in-30-days-823939266?utm_source=binance