As U.S. national debt approaches a record $38 trillion, investors are turning to safe-haven assets like Bitcoin and gold.

According to data from the Joint Economic Committee (JEC) of Congress, the current U.S. national debt has reached $37.9 trillion, growing at a rate of $69,890 per second—nearly $4.2 million per minute over the past year.

According to Worldometer data, this amounts to a daily growth of up to $6 billion—more than the GDP of over 30 countries worldwide.

U.S. Congressman Keith Self stated on Friday that the national debt will surpass $38 trillion in a matter of weeks and could even reach $50 trillion within a decade, urging immediate action.

"Congress must act immediately—before a gradual decline turns into a sudden collapse, demanding your leaders to fulfill their fiscal responsibilities."

At the current growth rate, the U.S. national debt is expected to exceed $38 trillion within 20 days.

Last week, JPMorgan referred to Bitcoin and gold as "hedging tools against currency devaluation" amid increasing uncertainty surrounding the dollar. On Saturday, Bitcoin hit a historic high of $125,506, while gold also reached a new high of $3,920 on Sunday.

The fixed supply and decentralized nature of Bitcoin are attracting increasing attention from institutions. BlackRock CEO Larry Fink, who has publicly criticized Bitcoin in the past, stated in January that Bitcoin could rise to $700,000 based on concerns over currency devaluation.

Ray Dalio, founder of the world's largest hedge fund Bridgewater, suggested in July that investors allocate 15% of their portfolios to hard assets like Bitcoin or gold to achieve the "best risk-return ratio."

Dalio pointed out that other Western countries, such as the UK, will also face the same "debt death spiral" issue, with their currencies continuing to underperform compared to what he calls "effective diversification tools" like Bitcoin and gold.

According to a Reuters report citing data from the Institute of International Finance, global debt has surged to a historic high of $337.7 trillion by the end of the second quarter, driven by quantitative easing policies and a weakening dollar.

Cutting federal spending and reducing the deficit have been prioritized by the Trump administration. The government had invited Tesla CEO Elon Musk to assist in efficiency reforms within government departments, saving $214 billion in spending to date.

In July, President Trump signed a decree known as the "One Big Beautiful Bill Act," aimed at saving over $1.6 trillion in federal spending. However, as Musk's 130-day term as a special government employee came to an end and his relationship with Trump cooled, he has left his government position.

However, the implementation of this act has instead pushed the U.S. national debt past $37 trillion, with an expected increase of $3.4 trillion in costs over the next decade.

Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark. pic.twitter.com/x4iCOdL2q5

Related: XRP falls below $3: How much lower can the price go?

Original: “U.S. National Debt Grows at an Astonishing Rate of $6 Billion Daily”

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