The US government is now $39.7 trillion in debt. That number hit on July 25, and it’s growing at roughly $7 billion per day.
Bitcoin, trading just above $65,000, is catching a bid from investors who see a simple math problem: you can’t print more Bitcoin, but you can absolutely print more dollars.
The debasement trade gains momentum
The US debt-to-GDP ratio has now surpassed 120%. US debt crossed $39 trillion around March 2026. By mid-May, it had climbed to $39.01 trillion. Two months later, it added another $700 billion.
Fiscal deficits are projected to reach $1.9 trillion for fiscal 2026. That’s not a recession-era emergency number. That’s a business-as-usual number.
