NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Bitcoin and Crypto are Solutions to the $164 Trillion Global Debt

newsbtc
newsbtc
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The International Monetary Fund has reported that the global debt has hit $164 trillion marking a trend that could lead to a catastrophic recession if countries fail to pay off debts due to strict financing conditions.

IMF Report Warns of Huge Global Debt

The IMF said in its semi-annual fiscal monitor report on Wednesday that the global and public debt has ballooned to 225% of global gross domestic product in 2016, the last year for which the fund has figures for.

Vitor Gaspar, head of the IMF’s fiscal affairs department was quoted in a Bloomberg article as saying

 “One hundred and sixty-four trillion is a huge number. When we talk about the risks looming on the horizon, one of the risks has to do with the high level of public and private debt.”

These figures from the IMF show that world economy is still struggling under the hangover of the 2008 financial crises which strained international banking systems to the breaking point and caused a worldwide recession.

The IMF warns that high levels of fiat debt in a time of reduced financing will make it difficult for debtor nations to refinance when their loans come to maturity. These same large debts can impede growth and cause financially troubled economies to spiral into recession.

In a recent Ask Me Anything session on Reddit Bill Gates responded to a question about the possibility of another global recession similar to the one in 2008 by answering bluntly “Yes. It is hard to say when but this is a certainty.”

Gates went on to say that his friend and partner in philanthropy Warren Buffet understands economic matters better than himself. Buffet’s advice in the same article is to hold onto investments for the long run, saying that “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.”

Is Bitcoin the Answer to a Global Financial Recession

A neutral observer may ask ‘what good is owning any stock pegged to a fiat currency which may collapse in the next global recession?’ If any lesson can be taken from the 2008 financial meltdown it is that venerable banking institutions are as easily taken down by junk products as any fly by night hedge fund, as was demonstrated by the downfall of Lehman Brothers.

According to the IMF report more than one – third of the worlds advanced economies carry a debt to GDP level over 85%, three times more than in 2000. At the same time, a fifth of developing markets have debt levels above 70% GDP.

These may be the kinds of numbers that inspired Satoshi Nakamoto to embed into the hash of the genesis block of the Bitcoin blockchain this headline from ‘The Times’ – “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”

A line that was meant to commemorate the date he started Bitcoin but also possibly as a warning to the fractional banking system that the beginning of a new age for how we deal with currency had arrived.

 

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 1

  1. Julian says:
    7 years ago

    Thank you for this article. It’s fascinating to see all that cryptocurrency has to offer. I believe in the potential of this innovative technology and I must admit that this article comforts me in my idea. If I am as passionate about cryptocurrencies, it’s because they are fascinating subjects of study. In addition to this, digital currencies are particularly promising investments. That’s what motivated my decision to get in crypto-markets. This platform specializes in the exchange of digital currencies.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. Julian says:
    7 years ago

    Thank you for this article. It’s fascinating to see all that cryptocurrency has to offer. I believe in the potential of this innovative technology and I must admit that this article comforts me in my idea. If I am as passionate about cryptocurrencies, it’s because they are fascinating subjects of study. In addition to this, digital currencies are particularly promising investments. That’s what motivated my decision to get in crypto-markets. This platform specializes in the exchange of digital currencies.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

mystery box elektronika

Jak funguje mystery box elektronika a kde koupit?

Mystery box elektronika funguje na principu nákupu „naslepo“ – zákazník si pořídí balíček, jehož obsah předem nezná. To přináší nejen...

Lenka Hanzlíková 2 hours ago
Ethereum vs. Bitcoin: ETH/BTC Ratio Climbs to Yearly Peak Amid Market Shift

Bitcoin, Ethereum Open Interest Are Sitting Close To ATH Levels, What Happened Last Time?

Over the last few weeks, both Bitcoin and Ethereum have seen an interesting wave of price action with high volatility....

Scott Matherson 2 hours ago
Cardano, ADA, Charles Hoskinson

Cardano (ADA) Redemption Controversy Over? Hoskinson Shares IOG Audit Results

Following the controversial accusations, the results of the third-party forensic review of the Cardano (ADA) voucher redemption program have been...

Rubmar Garcia 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

token6900-spx6900-listing-explosion-crypto

TOKEN6900 (stablemate de SPX6900) débarque aujourd’hui à 14h UTC, une explosion x100 à l’horizon ?

guillaumev Just now

迷因新秀 TOKEN6900 首日飆漲 120% 市場憧憬 SPX6900 千倍傳奇再現

estherw 47 minutes ago
eth-detenus-dans-10-adresses-qui-derriere

60 % d’Ethereum concentré dans 10 adresses : qui se cache derrière ?

guillaumev 1 hour ago

Premium Sponsors

Press Releases

  • Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023 Pepe Coin – ktorý „penny“ token bude ďalší?

    Zo 750 $ na 1 500 000 $: v roku 2021 Shiba Inu, v roku 2023...

    12 hours ago
  • イーサリアム...

    12 hours ago
  • ビットコイン...

    13 hours ago
  • 750 dollárból 1 500 000 dollár: 2021-ben Shiba Inu...

    13 hours ago
  • Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba Inu, u 2023. Pepe Coin, koji je sljedeći token s potencijalom?

    Zamjena 750 USD u 1.500.000 USD: u 2021. to je bio Shiba...

    13 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.