Macro Strategist says Bitcoin is a ‘life raft’ as U.S. debt soars past 100% of GDP
Veteran macro strategist Raoul Pal has issued a stark warning about the future of fiat currencies, suggesting that the U.S. debt burden, aging demographics, and central bank interventions are setting the stage for long-term currency debasement and positioning Bitcoin (BTC) as the ultimate hedge. Pal, founder of Global Macro Investor and Real Vision, shared two key macroeconomic charts that he believes are being largely overlooked. “These charts are everything,” he stated, arguing that demographics, not fiscal policy, are the true driver of sovereign debt. The first chart compares the U.S. labor force participation rate with U.S. government debt as a percentage of GDP (inverted). Since 2002, participation has steadily declined while debt has surged, a trend that accelerated sharply after the 2008 financial crisis and again in 2020. U.S. labor force participation rate. Source: Global Macro Investor “Demographics is the KEY driver of debt,” Pal emphasized, noting...