U.S. debt climbed from $8 trillion to $40 trillion in two decades, Quinten Francois notes

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Daria Chernytska

22.09.2026

U.S. debt climbed from $8 trillion to $40 trillion in two decades, Quinten Francois notes — U.S. debt grows, foreign ownership drops

Quinten Francois points to the rapid increase of U.S. debt, stating it has grown from around $8 trillion to $40 trillion over the past 20 years.

He also highlights that China and Japan’s share of publicly held U.S. debt has dropped sharply, decreasing from 20.5% to 5.4%. Francois questions who will purchase the growing U.S. debt as historic buyers reduce their holdings.

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Francois previously noted an increase in the odds of bitcoin reaching $100,000 this year, citing price action and momentum in recent commentary. He has also observed that Ethereum is attracting institutional capital and stablecoins while its price remains 50% below its all-time high, according to earlier analysis. Francois’s latest remarks come amid close monitoring of macroeconomic and crypto market trends.

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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