US National Debt Surpasses 38 Trillion Dollars, Equating to Centuries of Bitcoin Supply
US National Debt Surpasses 38 Trillion Dollars, Equating to Centuries of Bitcoin Supply
The U.S. national debt has surged past $38 trillion, with its recent growth alone equivalent to 100 years of new Bitcoin supply. This staggering figure highlights the rapid expansion of government liabilities when compared against Bitcoin's inherently scarce and finite nature, prompting discussions on the implications for monetary policy and alternative assets.
The U.S. national debt officially surpassed $38 trillion in early November. This immense financial burden, when quantified in Bitcoin, represents a colossal 368 million BTC. This figure indicates a larger movement relative to the underlying BTC price since January 20, underscoring the growing disparity between fiat currency expansion and scarce digital assets.
According to data from the U.S. Treasury’s Debt to the Penny dataset, the total public debt stood at $38.118 trillion as of November 6. This marks an increase of approximately $1.1 trillion since August, signifying a rapid acceleration in national borrowing. The article provocatively points out that this year's surge in debt alone is comparable to a century's worth of new Bitcoin supply, drawing a sharp contrast between the unlimited issuance of government debt and Bitcoin's strictly capped supply schedule.