This week, the US national debt is new All time high will reach As of this writing, the US government debt is high $33.07 trillion. Total value of all Crypto Circulation, on the other hand, stands up $1.06 trillion. So the US National Debt is 31 times the total value of tokens in circulation.

The U.S. national debt is several times larger than the market capitalization of Bitcoin-dominated crypto

The US national debt has risen sharply in recent years. Between 2019 and 2021, US federal government spending has risen by 50%. This was mainly due to the corona virus. Other events that contributed to the strong increase were the wars in Afghanistan and Iraq and the recession in 2008.

Also known as the total value of crypto in circulation Market cap Or market cap, currently $1.06 trillion. In Running of the Bulls By the end of 2021, the market value will rise to around $2.86 trillion. The value is expected to rise sharply again in the next bull run. When that will happen remains a question mark.

Currently, national debt is 31 times the crypto market cap. The market cap is around 49% Bitcoin (BTC), which has a market cap of $519.5 billion. Ethereum As Bitcoin’s little brother, (ETH) makes up the bulk of the total, with a market cap of $191.8 billion.

US debt is rising, and the Netherlands is financially sound

The EU has guidelines for how high national debt can be. Member States should not have a national debt of more than 60% of Gross Domestic Product (GDP). State of the Netherlands With a national debt of 49.8% of GDP Still looks great in green. Due to the effects of the debt crisis, Dutch government debt remained above the norm between 2011 and 2016.

The US does not have to adhere to EU guidelines and has a national debt of 124% of US GDP. In 2013, GDP and the national debt combined were $16.7 trillion. Excessive national debt becomes a problem if more money needs to be borrowed during an economic crisis. The loan may be denied because the chances of repayment are very low.