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Analyst says U.S. debt equals 18 times Bitcoin circulation
TimechainIndex founder Sani has recalculated the current U.S. national debt — now above $38.1 trillion — in bitcoin as of early November, arriving at 368 million BTC.
This figure is 18.4 times higher than the current circulating supply of BTC and 17.5 times larger than the total possible issuance of roughly 21 million BTC.
According to his data, when comparing the pace of U.S. debt growth with bitcoin issuance, the American debt machine has added the equivalent of a hypothetical century-long supply of BTC since the beginning of the year.
Sani’s comparisons drew attention because U.S. policymakers have repeatedly suggested that bitcoin could help the country repay its national debt.
Debt fantasies
However, even with bitcoin priced at $200,000, repaying U.S. debt would require 190.6 million BTC — nine times the entire supply of the “digital gold.” At a price of $100,000, that number would double.
US government debt and its value in Bitcoin. Source: CryptoSlate
Daily Treasury debt data is published with a delay, meaning bitcoin-based comparisons for different periods may include a margin of error of 1–2%.
The author stresses that his calculations do not support or reject the idea of repaying the national debt with bitcoin, nor do they predict its price. Instead, they provide “a unit-of-account lens that compares a fixed-rate asset with a fiscal trajectory shaped by policy and macroeconomic conditions.”
As we wrote: Weekly forecast: Analysts split on Bitcoin outlook after sharp weekly decline
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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