The numbers from the US Treasury are not in dispute.
The US Treasury Department announced last week that the federal government’s debt stands at an all-time high of $39.7 trillion, growing at approximately $7 billion per day
That daily borrowing figure, if measured as a cryptocurrency by market capitalization, would rank it as the 16th-largest digital asset in the world. The debt ceiling, raised by $5 trillion to $41.1 trillion in July 2025 under the One Big Beautiful Bill Act, has already been consumed by more than half. The Bipartisan Policy Center estimates the next debt limit will be reached sometime between late winter and mid-summer of 2027.
Total global debt reached a record $353 trillion by the end of Q1 2026, according to the Institute of International Finance’s Global Debt Monitor. The debasement trade, and why it is back The mechanism driving both Bitcoin and gold higher is the same one that has driven every debasement trade in financial history. Governments that cannot balance their books eventually face a choice between defaulting on debt or inflating it away.