Global Debt to be Worth $12 Million per Bitcoin by Year End

Bitcoin has achieved market capitalization close to some of the biggest corporations, ranging between $100 and $300 billion. But taken in proportion to the size of the world’s financial system, BTC may have a different valuation. Debt Issuance Shows No Signs of Slowing The bloated worldwide debt, fueled by extreme quantitative easing in the last decade, will reach $255 trillion by the end of the year, reported Reuters. The analysis of the Institute of InternationalRead MoreThe post Global Debt to be Worth $12 Million per Bitcoin by Year End appeared first on Bitcoinist.com.