US National Debt Skyrockets by $275 Billion in One Day, Surpassing Half of Bitcoin Market Cap

The US national debt increased by $275 billion in a single day, reaching a record $33.44 trillion. This is more than half of Bitcoin's total market cap.

The amount added daily to the US debt is now around $32 billion, meaning it could add $1 trillion in just a month at this pace.

Servicing the massive US debt pile is projected to cost a record 3-4% of GDP by 2024-2030, up from 2% currently.

Over the next decade, the US is estimated to spend $10.6 trillion just on interest payments for the national debt.

The debt-to-GDP ratio could reach 181% by 2053 according to Congressional Budget Office projections, as the debt ceiling remains unlimited until 2025.