#Strategy加仓BTC American fiscal accounts are becoming increasingly difficult to tally. Only three months into the 2026 fiscal year, the deficit has soared to $602 billion, the second highest in history. Just in December alone, the deficit reached $145 billion, the worst December record ever.

The truth behind the numbers is even more sobering—just three months, the U.S. government has directly burned through $1.83 trillion, a pace that is unprecedented in history.

What worries the market the most is debt interest. This amount has now reached $355 billion, nearly one-fifth of the government's total expenditure. In other words, almost one-fifth of the money the U.S. government earns each day goes toward paying interest on debt—this money isn't flowing into infrastructure, education, or any productive investments; it's purely paying for past decisions.

Economists summarize this dilemma as a vicious cycle: the more debt piles up, the more the government needs to borrow, leading to a surge in government bond supply, which directly suppresses the space for interest rate cuts. Want to cut spending? Politicians dare not. Want to raise taxes? Voters will immediately turn hostile. Printing money? Inflation will explode instantly.

No politician is willing to make tough choices among these three options, so now we are stuck in a deadlock. The debt spiral has already started turning, and its speed is increasing. This is not a warning of the future; it is a current reality.

Participants in the crypto market see this logic more clearly than anyone else. When the traditional financial system faces such a predicament, more and more people are beginning to consider the necessity of alternative asset allocation. After all, the historical data is there, and interest rate trends do not lie.