US National Debt Surpasses $38 Trillion. Will Cryptocurrency Save Trump?

According to the US Department of the Treasury, the national debt of the United States currently stands at approximately $38.92 trillion, rapidly approaching the staggering milestone of $39 trillion. What's even more alarming is the pace at which this figure grows — roughly every 148 days, the debt increases by another $1 trillion.

However, not all economists agree on this number. According to economist Kent Smetters, when factoring in obligations related to social security and the Medicare healthcare program, the total US debt is closer to a jaw-dropping $100 trillion.

Regardless of which figure one chooses to believe, paying off this debt quickly seems virtually impossible. While government revenues are growing, they remain far from sufficient. In February alone, the government collected $313.12 billion — a 5.6% increase compared to the previous year — bringing total revenue for the fiscal year to $1.89 trillion, reflecting a 10.8% rise.

Yet expenditures are keeping pace. February spending reached $620.62 billion, up 2.8% year-over-year, while total spending over five months climbed to $3.1 trillion, a 2% increase.

The impact of the national debt on the crypto market is quite significant, as its continued growth severely limits the range of policy options available to the US government. However, one particular option directly involves digital assets. Authorities could potentially tokenize the national debt or issue government-backed tokens to cover existing obligations.

According to the UK branch of CFA Society, a "government-backed cryptocurrency wrapped in patriotic or techno-utopian packaging" could very well be Donald Trump's next bold move toward debt relief.

Whether the US president will actually go that far — only time will tell.