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09 July 2020

‘Plan A Has Failed’ — Global Debt to Hit $255T or $12.1M per Bitcoin

‘Plan A Has Failed’ — Global Debt to Hit $255T or $12.1M per Bitcoin


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The world’s combined debt will hit $255 trillion by the end of 2019 — equal to $32,500 for each person on the planet or $12.1 million per Bitcoin (BTC).

Bitcoin figures reacted with shock to the latest figures from the Institute of International Finance, which this month updated its Global Debt Monitor. .

For Bitcoin proponents, however, the verdict on the fiat economy creating over $12 million of debt for each Bitcoin that will ever exist was obvious.

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cointelegraph.com
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