Bloomberg Warns of Financial Crisis: Could It Spark a Bitcoin Surge?

Bloomberg’s editorial board has issued a stark warning, predicting a potential financial crisis similar to the 2008 meltdown could occur this year due to rising geopolitical risks. The board cited unsustainable debt levels, including over $36.8 trillion in U.S. public debt and record corporate and household debt. They fear that if economic confidence falters and recessions take hold, lenders may demand more cash collateral, potentially triggering a crisis worse than the pandemic or 2008.