U.S. national debt reaches new high of $38.5 trillion

High debt levels and potential fiscal dominance could lead to lower interest rates, benefiting assets like bitcoin and gold. What to know : The U.S. national debt has jumped to $38.5 trillion, with a debt-to-GDP ratio over 120%. Over 70% of the debt is owed to domestic lenders, and interest payments now exceed $1 trillion annually. High debt levels and potential fiscal dominance could lead to lower interest rates, benefiting assets like Bitcoin and gold.