US government debt surpasses $39 trillion, highlighting Bitcoin’s value-hedging role

July 13 latest update: The current size of US Treasury debt has already crossed the $39 trillion mark. This figure provides a strong argument for Bitcoin as a store-of-value tool.

Based on data released by the US Department of the Treasury in March, the total US national debt has exceeded $39 trillion, while the debt held by the public is even above $31 trillion—first time in non-pandemic periods it has surpassed the size of the US GDP.

Against an increasingly severe debt outlook, the Congressional Budget Office projects that the federal deficit for fiscal year 2026 will reach $1.9 trillion, and by 2036, debt held by the public could rise to $5.6 trillion.

Against this backdrop, Senator Cynthia Lummis is actively pushing the “Bitcoin Act,” planning to instruct the Treasury to acquire up to 1 million BTC within five years, and to plan to hold it for at least 20 years, aiming to use it as a long-term hedge tool.

Lummis said this move could reduce national debt by one-third to one-half. She expects the Treasury to begin purchasing Bitcoin by the end of 2026 and reaffirmed the price target for Bitcoin to reach $500k within this decade.

Meanwhile, the International Monetary Fund (IMF) previously projected in April that by 2029, global public debt could approach 100% of world GDP, further underscoring the urgency of finding alternative store-of-value tools.

#US government debt