$40 Trillion US Debt: Could Americans Even Afford Bitcoin and Crypto Right Now?

NewsTue, 18 Aug 2026 22:24:59 UTC2 hours ago

The $40 trillion US debt mark is now within reach, at $39.9 trillion on Tuesday. That equals roughly $116,000 for every American, or nearly two Bitcoins at today's price.

Bitcoin (BTC) backers call the debt the best reason to own a scarce asset. However, a new Conference Board report shows that the same debt is draining the budgets that fund everyday crypto buying.

AMERICA'S $39 TRILLION DEBT HITS EVERYDAY FINANCES

A Conference Board report warns that rising U.S. debt could increasingly squeeze families and businesses through higher borrowing costs.

The debt now exceeds $39 trillion, or roughly $116,000 per American.

Higher deficits…
- *Walter Bloomberg (@DeItaone) August 18, 2026

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Why the $40 Trillion US Debt Hits Household Budgets

The Peter G. Peterson Foundation's debt tracker showed $39.9 trillion on Tuesday, as did the Fiscal data dashboard. Interest alone burns through more than $2.8 billion per day, according to the foundation.

US Federal Debt As of August 13. Source: Fiscaldata.treasury.gov

The Conference Board, a nonpartisan business research group, released a report the same day. It modeled five fiscal paths, including a one-week US default.

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$40 Trillion US Debt: Could Americans Even Afford Bitcoin and Crypto Right Now?

Why the $40 Trillion US Debt Hits Household Budgets

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