U.S. debt rising by $70,000 per second…"Bitcoin·Gold emerge as 'alternative assets'"

As U.S. national debt grows by $70,000 every second, analysts say investors are moving en masse into 'safe-haven' assets such as Bitcoin (BTC) and gold.

According to Cointelegraph on the 6th (local time), U.S. debt increased by about $69,890 per second over the past year, nearing $37.9 trillion. This is larger than the GDP of more than 30 countries. As a result, Bitcoin and gold are being seen as alternative assets in the era of 'de-dollarization'.

JPMorgan analyzed in a recent report that "both Bitcoin and gold have rapidly emerged as hedges against 'currency debasement (debasement)' ." In fact, Bitcoin hit an all-time high of $125,506 last week, and gold reached $3,920 per ounce.

Larry Fink, BlackRock CEO, also said earlier this year that "the greater the concern about government currency debasement, the greater Bitcoin's potential," and set a Bitcoin price target of $700,000. Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund, also advised that "allocating 15% of a portfolio to physical assets such as Bitcoin and gold is optimal in terms of risk-adjusted returns."

Meanwhile, if current trends continue, U.S. debt is projected to exceed $50 trillion within the next 10 years.