The U.S. National Debt Reaches 36 Trillion Dollars: What Does This Mean for Bitcoin

The US Department of the Treasury recently reported that the national debt has surpassed the $36 trillion mark, reaching an all-time high. Analysts have spoken about the positive impacts of the increasing national debt trend on bitcoin and how it will ultimately lead to the devaluation of the US dollar. US National Debt Exceeds $36 Trillion: Benefits for Bitcoin? The rise of the US National Debt is becoming a relevant factor in the geoeconomic context, as investors consider this factor when making asset choices. The U.S. Treasury Department recently reported that debt has hit an all-time high of more than $36 trillion as part of its "Debt to Penny" dataset, which reports on the amount of outstanding debt daily. The increase to 36 trillion dollars occurred on November 21, when the figures showed that the U.S. debt had surpassed this threshold for the first time. In just this year, the debt has increased by over 2 trillion dollars. In addition, the Biden administration has seen the debt rise from 28 trillion dollars to over 36 trillion dollars, an increase of over 8 trillion dollars in just three years. Analysts have declared that these continuously increasing debts are very significant for the future of bitcoin, stating that if the United States finally applies a bitcoin reserve strategy, they could reset the global economy. Legendary investor Stanely Druckenmiller has recognized the severity of the debt issue, recently stating that the country will have to face reckoning in an uncertain future. Samson Mow, CEO of JAN3, has also linked the increase in debt to a potential restructuring of the national currency bitcoin. This will push the price of bitcoin to at least $1 million, allowing this country to repay its entire national debt by using its strategic bitcoin reserves. "Either there will be a debt purge or the US dollar will have to be restructured into bitcoin. There are 100 million satoshis in one bitcoin and you can revalue the US dollar to one satoshi," he declared. Ripio's CEO, Sebastian Serrano, also believes that this increase will cause the dollar to depreciate, and as a result, bitcoin and Wall Street will rise in value as the country prints money to ease the situation. 'In the long run, the financial state has no choice but to devalue its currency. The US debt has reached 36 trillion dollars,' he declared.