Investors are returning to safe properties, such as Bitcoin and gold, as US national debt is near a record-breaking of $ 38 trillion.
American national debt, currently $ 37.9 trillion, rose $ 69,890 per second – or nearly $ 4.2 million per minute – last year, According to on the dashboard of the US Congress Joint Economic Committee.
Which equals it to a dreadful $ 6 billion per day, greater than the gross domestic product of more than 30 countries, according to Data From the worldometer.
US representative Keith Self Says On Friday that Tally Tally was set to exceed $ 38 trillion in weeks and perhaps even $ 50 trillion for a decade, encouraging the close action to be taken.
“Congress should act now – requesting a fiscal responsibility from your leaders before the gradual slide has become a sudden collapse.”
At current rates, the US is expected to exceed $ 38 trillion in 20 days.
Investors coincide with Bitcoin and gold
Last week, JPMorgan hit Bitcoin (Btc) and gold as ”Trade in debasement“In the midst of increasing uncertainty in dollars.
It came as Bitcoin hit a new all-time high of $ 125,506 On Saturday, as gold hit a fresh high $ 3,920 On Sunday.
Bitcoin’s fixed supply and decentralized nature have drawn increased institutional attention, with the likes of blackrock CEO Larry Fink – once a bitcoin critic – stating in January that Bitcoin could hit $ 700,000 in fears of money debasement.
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, recommended in July allocated investors 15% of their portfolios to hard assets such as Bitcoin or gold to optimize for the “best return-to-ratio ratio.”
It’s not just America, Dalio says
At this time, Dalio said other western countries such as the UK will face the same issue as “Debt Doom Loop” Bitcoin and goldwhich he described as an “effective diversifier.”
Reuters reported Last month the global debt grew up with a record of $ 337.7 trillion at the end of the second quarter, which was —fuel by a more amount of easing and a softer US dollar, it said, citing data from the Institute of International Finance.
Trump’s efforts to slow debt to us
Cutting federal expenditure and reduction in deficiency is noted as policy priorities under the Trump administration.
Within a few months, the Trump administration brought to Tesla CEO Elon Musk to help with Department of governmental efficiency To reduce spending, save $ 214 billion to this day.
Related: The Bitcoin ETFS Kickstart ‘Uptober’ with $ 3.2B in the second best week on Record
However, President Donald Trump Signed what he described as the “Big Beautiful Bill Act” in July, seeking to save more than $ 1.6 trillion in federal expenditure.
Musk was left as his 130-day limit as a special government employee who was about to finish its completion, while his former strong relationship with Trump became worse.
However, the implementation Bill helped push us a debt past $ 37 trillion and expected $ 3.4 trillion to be worth $ 3.4 trillion over the next 10 years.
Thanks to a big good Bill Act, the debt has officially passed the $ 37 trillion mark. pic.twitter.com/x4icodl2q5
– Thomas Massie (@repthomasms) August 13, 2025
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