U.S. debt has just smashed through a historic ceiling—$30 trillion.

That’s right, you’re not misreading the number. According to the latest data from the U.S. Treasury, total sovereign debt has surged to $30.2 trillion, doubling since 2018. What’s even scarier? If you include hidden bombs like Social Security liabilities, total debt has soared to $38.4 trillion—that’s more than seven times Japan’s GDP.

The debt itself is already frightening, but what’s truly deadly is the interest.

In fiscal year 2025, even though the U.S. fiscal deficit will have “shrunk” to $1.78 trillion, just servicing the debt interest will burn through $1.2 trillion. Citi’s interest rate strategist used a vivid analogy: “We’re like being trapped in quicksand—the more we struggle, the deeper we sink.” The tariff revenues Trump once boasted about bringing in $300–400 billion? Sorry, that doesn’t even cover the interest gap.

This leads to a deeper question: How much longer can the dollar be trusted?

Debt growth has long outpaced economic growth, and now the whole system is propped up by “issuing new debt to pay old debt.” To put it bluntly, the intrinsic value of the dollar is being eroded bit by bit by this flood of debt. Traditional safe-haven assets—U.S. Treasuries, gold—their credibility as anchors of the fiat system is starting to wobble.

At this moment, the narrative logic of cryptocurrency becomes particularly clear.

When sovereign debt turns into a “never-ending Ponzi game,” those decentralized, fixed-supply assets naturally become the rational choice. Bitcoin is more than just “digital gold”—it’s a path out of the fiat debt system, fighting infinite money printing with scarcity, replacing national credit with code-based trust.

$30 trillion of debt isn’t the end—it’s just a new starting point. How will the next chapter unfold? The market is already providing the answers.