Jim Esposito, the president of Wall Street market maker Citadel Securities, has warned the spiraling $37 trillion U.S. debt pile is a “ticking time bomb”.
Bitcoin and crypto prices have soared this year, fuelled by a combination of U.S. president Donald Trump’s support and Wall Street adoption (with Tesla billionaire Elon Musk making a dramatic return to the front lines of crypto this week).
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The bitcoin price, after rebounding sharply from its April lows, has held above $100,000 per bitcoin since early May even after BlackRock issued a serious bitcoin warning.
Now, as fears swirl of a “cataclysmic” U.S. dollar collapse, Jim Esposito, the president of market maker Citadel Securities, has warned the spiraling $37 trillion U.S. debt pile is a “ticking time bomb”—adding to similar warnings that some think could be about to send the bitcoin price sharply higher.
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“No one is smart enough to predict when exactly it will rear its ugly head.
