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Investors are seeking refuge in safe-haven assets, such as Bitcoin and gold, as the US national debt approaches an unprecedented $38 trillion.<\/p>\n
The current national debt of the United States, at $37.9 trillion, is escalating by $69,890 every second \u2014 or nearly $4.2 million each minute \u2014 over the past year, according<\/a> to the debt dashboard of the US Congress Joint Economic Committee (JEC).<\/p>\n This amounts to an astonishing $6 billion daily \u2014 <\/strong>greater than the gross domestic product of over 30 nations, based on information<\/a> from Worldometer.<\/p>\n US Representative Keith Self commented<\/a> on Friday that the debt figure is predicted to exceed $38 trillion in a matter of weeks and potentially reach $50 trillion within a decade, urging for urgent measures to be taken.<\/p>\n \u201cCongress must take action immediately\u2014demand fiscal prudence from your representatives before the slow decline turns into an abrupt failure.\u201d<\/p><\/blockquote>\n If current trends continue, the US is anticipated to exceed $38 trillion in 20 days.<\/p>\n Last week, JPMorgan praised Bitcoin (BTC<\/a>) and gold as the \u201cdebasement trade<\/a>\u201d in light of heightened uncertainty surrounding the dollar.<\/p>\n This occurred as Bitcoin reached a new record of $125,506<\/a> on Saturday, while gold achieved a new peak of $3,920<\/a> on Sunday.<\/p>\n Bitcoin\u2019s limited supply and decentralized character have attracted greater institutional interest, with figures like BlackRock CEO Larry Fink \u2014 once critical of Bitcoin \u2014 stating in January that Bitcoin could reach $700,000<\/a> due to currency debasement concerns.<\/p>\n Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, advised in July that investors should allocate 15% of their investments<\/a> in tangible assets like Bitcoin or gold for the \u201coptimal return-to-risk ratio.\u201d<\/p>\n At that time, Dalio mentioned that other Western nations, such as the UK, would encounter the same \u201cdebt doom loop\u201d predicament and that their currencies would continue to lag behind Bitcoin and gold<\/a>, which he referred to as an \u201ceffective diversifier.\u201d<\/p>\n Reuters reported<\/a> late last month that global debt surged to a historic high of $337.7 trillion by the end of the second quarter, driven by additional quantitative easing and a weaker US dollar, as per data from the Institute of International Finance.<\/p>\n <\/p>\n Reducing federal expenditure and minimizing the deficit have been highlighted as policy goals during the Trump presidency.\u00a0<\/p>\n For a few months, the Trump administration enlisted Tesla CEO Elon Musk to aid the Department of Government Efficiency<\/a> to decrease spending, achieving $214 billion in savings thus far. Nonetheless,<\/p>\n Related: <\/strong><\/em>Bitcoin ETFs spark \u2018Uptober\u2019 with $3.2B in the second-best week recorded<\/strong><\/em><\/a><\/p>\n However, President Donald Trump<\/a> enacted what he termed the \u201cBig Beautiful Bill Act\u201d in July, aiming to save over $1.6 trillion in federal expenses.\u00a0<\/p>\n Musk departed as his 130-day term as a special government employee was approaching its conclusion, with his previously strong relationship with Trump becoming strained.<\/p>\n However, the implementation of that bill contributed to pushing US debt over the $37 trillion threshold and is projected to cost $3.4 trillion over the subsequent decade.<\/p>\n Thanks to the One Big Beautiful Bill Act, the debt just officially surpassed the $37 trillion mark. pic.twitter.com\/x4iCOdL2q5<\/a><\/p>\n \u2014 Thomas Massie (@RepThomasMassie) August 13, 2025<\/a><\/p><\/blockquote>\n Magazine:<\/strong><\/em> Crypto aimed to displace banks, now it\u2019s becoming them in the stablecoin struggle<\/strong><\/em><\/a><\/p>\n <\/div>\nInvestors gravitate towards Bitcoin and gold<\/h2>\n
It\u2019s not only America, Dalio notes<\/h2>\n
Trump\u2019s initiatives to curb US debt<\/h2>\n
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