
US public debt has surpassed 100% of GDP for the first time since World War II, with government spending exceeding revenue and debt service nearing $1 trillion annually. Analysts expect the Federal Reserve to keep interest rates below inflation to support nominal growth, echoing post-WWII strategies. This environment, combined with Bitcoin's scarcity and strategic use by the US government, including confiscations from adversaries, positions Bitcoin as potentially undervalued and a key asset amid fiat currency depreciation. Bitcoin's market cap remains only about 5% of gold's, suggesting significant growth potential if it reaches parity.