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US National Debt Hits Record $39.68 Trillion on July 23, Sparking Bitcoin and Gold Hedge Debate

Macroeconomics Metals Forex

2026-07-27 17:22:53

According to Treasury data as of July 23, US national debt reached a fresh record of $39.68 trillion, reigniting investor focus on bitcoin and gold as hedges against currency debasement. Annual federal interest expenses are now running near $1 trillion, or roughly $3 billion daily, exceeding annual defense spending of $947 billion. Roughly a third of Treasury debt matures within twelve months and must be refinanced at current higher rates. JPMorgan analysts have grouped bitcoin and gold together as the "debasement trade," while Ray Dalio and Citadel's Ken Griffin have similarly urged investors toward hard assets against US sovereign risk.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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