White House · Donald Trump · U.S. Treasury · Bitcoin · Bitcoin.com News
Trump Opens Bitcoin Door as US Debt Blows Past $40 Trillion
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Treasury Department figures and debt clock readings reported Aug. 19 put total public debt at a staggering $40.049 trillion.
Key facts
- Bitcoin supplied the perfect backdrop Wednesday, ripping from the mid-$64,000 range toward $69,000 to $70,000
- Treasury Department figures and debt clock readings reported Aug. 19 put total public debt at a staggering $40.049 trillion
- The tab has more than doubled from roughly $19.95 trillion when U.S. President Donald Trump first entered office in January 2017
- For Bitcoin supporters, $40 trillion practically writes the advertisement itself
Summary
U.S. debt reached $40.049 trillion Aug. 19 as federal interest costs climbed. Bitcoin neared $70,000 as Treasury buybacks helped ignite a roughly 7% move. Trump said he would hear bitcoin reserve proposals, but announced no purchase plan. The tab has more than doubled from roughly $19.95 trillion when U.S. President Donald Trump first entered office in January 2017.