The US national debt has surged to $35.347 trillion as of September 9, 2024, experiencing a substantial increase of $1.357 trillion this year alone. Despite the growing dollar amount, the debt’s value in Bitcoin terms has intriguingly decreased, showcasing Bitcoin’s strength against the dollar. Initially equivalent to 761.325 million BTC at the year’s start, it now stands at 644.071 million BTC, even as the debt climbed in dollar terms.

This shift highlights Bitcoin’s significant appreciation, with the BTC/USD exchange rate moving from a peak of over $70,000 down to $56,800 recently. The volatile yet upward trajectory of Bitcoin against the US dollar suggests an increasing recognition of Bitcoin as a robust store of value amidst rising national debt figures.

Analysts observe that while dollar-denominated debt follows a consistent upward trend, the decreasing BTC equivalent underscores a broader shift in asset valuation preferences. This trend provides valuable insights for both investors and policymakers, reflecting a pivot towards digital assets in financial strategies and economic planning.