Crypto News: Grayscale Warns U.S. Debt Crisis Could Push Investors Toward BTC, ETH, and ZEC
Key Insights:
- Crypto news: U.S. debt topped $40T as real 30-year Treasury yields neared 3%.
- Grayscale says rising U.S. debt could increase demand for BTC, ETH, and ZEC.
- Ray Dalio warns a U.S. debt crisis could emerge within three years, give or take two.
Crypto news turned toward Washington after Grayscale linked rising U.S. debt and Treasury buybacks to renewed interest in crypto assets. The firm said unchecked government borrowing can weaken credibility in fiat currencies and increase demand for alternative stores of value.
Grayscale identified Bitcoin, Ethereum, and Zcash as cryptocurrencies that could benefit from what it calls the “debasement trade.” The warning follows U.S. public debt surpassing $40 trillion and long-term real Treasury yields climbing near 3%.
Crypto News Focuses on Treasury Buybacks and Rising US Debt
The U.S. Treasury recently announced larger buybacks of long-maturity notes and bonds in the open market. Those purchases retire securities after acquisition, reducing the risk-adjusted supply of Treasury debt.
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