U.S. Treasury debt surges to $34 trillion, highlighting Bitcoin as potential hedge

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The U.S. national debt recently reached an unprecedented milestone, surpassing $34 trillion. Analyst Joe Consorti’s report shows that the U.S. national debt has increased by a staggering $2.5 trillion in just six months.

The total U.S. national debt currently exceeds US$34 trillion, an increase of US$10.5 trillion in the past three years alone.

Debt growth is also accelerating, adding $2.5 trillion in the past six months.

The treasury was ransacked by those responsible.

Self-isolation. pic.twitter.com/R3OtmKFeDz

— Joe Consorti ⚡ (@JoeConsorti) January 3, 2024

Over the broader time frame, it’s increased by about $10.5 trillion over the past three years and about $12 trillion over the past five years. Analyst Charlie Bilello said the U.S. national debt-to-GDP ratio is a staggering 123%.

U.S. national debt as a percentage of GDP…
1980: 31%
1985: 40%
1990: 52%
1995: 65%
2000: 58%
2005: 61%
2010: 87%
2015: 101%
Today: 123% https://t.co/pwq1GcHN3v

— Charlie Bilello (@charliebilello) January 3, 2024

In this financial environment, Bitcoin emerges as a potential hedging tool. The fundamental of this digital asset is its limited supply, in stark contrast to the U.S. dollar. This means that Bitcoin holdings cannot be diluted, unlike the U.S. dollar, which can lose value due to rising national debt as they continue to borrow more money. This feature therefore makes Bitcoin an alternative financial instrument in the current context of escalating national debt.