Investors turn to safe-haven assets like Bitcoin and gold as US national debt nears record-breaking $38 trillion, increasing by $69,890 per second over the last year. Debt expected to surpass $38 trillion in 20 days, possibly reach $50 trillion in a decade, prompting calls for immediate action from US Representative Keith Self.

JPMorgan highlights Bitcoin and gold as the “debasement trade” amid dollar uncertainty. Bitcoin hits new all-time high of $125,506, gold reaches $3,920. Ray Dalio recommends allocating 15% of portfolios to hard assets like Bitcoin or gold. Dalio warns of debt issues in Western nations, predicts underperformance of currencies compared to Bitcoin and gold.

Global debt hits record high of $337.7 trillion by the end of the second quarter, driven by more quantitative easing and a weaker US dollar, according to data from the Institute of International Finance. Trump administration aims to cut federal spending and reduce the deficit, saving $214 billion with help from Elon Musk. Implementation of the “Big Beautiful Bill Act” pushes US debt past $37 trillion, expected to cost $3.4 trillion over the next decade.

Read more at Cointelegraph: US National Debt Nears $38 Trillion, Rising $6 Billion Daily