unsustainable

According to Jinshi reports, Federal Reserve Chairman Powell stated that the U.S. debt path is undoubtedly unsustainable, and the fiscal situation needs to be addressed.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Waller stated that U.S. debt has taken an unsustainable path, but it has not yet become a problem.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that the U.S. federal fiscal path is unsustainable. Although the debt level is sustainable, the path is not sustainable.Due to the unsustainable path of debt growth, it must be addressed as soon as possible.

ChainCatcher news, according to Cointelegraph, Grayscale's Managing Director of Research Zach Pandl stated in an interview that due to the U.S. government's continued excessive spending and high interest rates, value storage assets like Bitcoin will continue to be in high demand.Pandl said, "We expect that persistent inflation and unsustainable budget deficits will drive continued demand for value storage assets such as Bitcoin." Pandl believes that given the current high inflation rate, the Federal Reserve is unlikely to lower interest rates in the near term. However, upcoming events, such as the Bitcoin halving scheduled for April 20, along with accelerating economic growth and greater adoption of cryptocurrencies, will drive Bitcoin's price upward.Previously, it was reported that the U.S. March unadjusted CPI year-on-year was 3.5%, and the core CPI was 3.8%, both higher than expected.