The following news is something to take in consideration. Maybe even more people could come to the conclusion to use btc as a safe haven for their wealth... Or everything dumps, because bad economy.
"The U.S. Now Has:
1. Record $17.5 trillion in household debt 2. Record $12.3 trillion in mortgages 3. Record $1.6 trillion in auto loans 4. Near record $1.6 trillion in student loans 5. Record $1.1 trillion in credit card debt
Total mortgage debt is more than double the 2006 peak and total credit card debt is officially up 50% since 2020.
Meanwhile, delinquency rates on credit cards and auto loans just hit their highest since the 2008 financial crisis.
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The following news is something to take in consideration. Maybe even more people could come to the conclusion to use btc as a safe haven for their wealth... Or everything dumps, because bad economy.
"The U.S. Now Has:
1. Record $17.5 trillion in household debt
2. Record $12.3 trillion in mortgages
3. Record $1.6 trillion in auto loans
4. Near record $1.6 trillion in student loans
5. Record $1.1 trillion in credit card debt
Total mortgage debt is more than double the 2006 peak and total credit card debt is officially up 50% since 2020.
Meanwhile, delinquency rates on credit cards and auto loans just hit their highest since the 2008 financial crisis.
Consumers are "fighting" inflation with debt.
This can't end well."
$
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