In 1790, US national debt was just $70 million
By 1980, it had hit $1 trillion → a 220 year long journey
Now we’ve surpassed $36 trillion
It’s not long before the US debt bubble pops at this rate
This is one of the most unaffordable housing markets in US history
Current levels have only been seen 2 times in the last 40 years:
- 1989 to 1991
- 2006 to 2007
This model shows that Ethereum has still not reached the overvalued zone
There could still be room for upside on Ethereum, despite short-term pullbacks
CAUTION: Credit card debt has been rising aggressively
It has now almost reached the $1.1 trillion mark
People are spending much more than they can afford…