Yeliz Akmaca 
The US national debt has climbed past $37 trillion, setting a new record. The White House seeks to cut spending and raise revenue through tariffs, yet the pace of debt growth continues. Meanwhile, crypto advocates argue that digital assets could play a role in tackling this challenge.
The Scale of US Debt
Official estimates place total debt between $36.99 and $37.21 trillion. This translates into more than $108,000 of debt per citizen. Some analysts, however, calculate a much higher figure. Former Coinbase CTO Balaji Srinivasan claims that including Social Security, healthcare, and pensions brings the true liability to $175.3 trillion.
Past crises like the Vietnam War, the 2008 financial meltdown, bank bailouts, and COVID-19 stimulus packages triggered sharp debt spikes. Still, debt has also risen steadily outside of crisis periods. This long-term trend raises concerns about future repayment risks.
Washington occasionally sets a debt ceiling to curb growth, but each time it gets lifted. In May 2025, Congress raised the limit by another $4 trillion. The dollar retains its strength as the world’s reserve currency, but sustainability remains a major debate.
The US is broke.
The real debt is $175T+.
And @elonmusk is 100% correct on the numbers.
But the difficult step is the logical conclusion.
There is no fix. It's a writeoff. A national bankruptcy.
And the default will be in the form of money printing. pic.twitter.com/dypr59wv60— Balaji (@balajis) July 1, 2025
Can Crypto Support Debt Management?
VanEck research suggests that if Senator Cynthia Lummis’s proposed Bitcoin Act passed, the US could acquire one million Bitcoin by 2029. Assuming Bitcoin maintains a 25% annual growth rate, this reserve could reach $21 trillion by 2049. That amount would cover around 18% of total US debt. Still, there is no sign such a plan will be executed.
Stablecoins offer another possible tool. Wider adoption of dollar-based stablecoins would boost demand for US Treasuries and strengthen global dollar usage. This would lower borrowing costs, though it would also make US exports more expensive, pressuring trade balances.
In the end, no single solution will resolve the challenge. Crypto assets, tariffs, and currency strategies can only work in combination. Managing the debt at a sustainable level, alongside international cooperation, appears to be the real goal.
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