US national debt tops $40T: investors shift to bitcoin and gold
- —US national debt exceeded $40 trillion in August 2026
- —BTC rose 23% in late August and topped $77,000
- —Bitcoin's correlation with gold exceeded 0.5 — the highest in years
- —The call/put ratio on GLD is above 5:1, while on BTC ETFs it is balanced
Why it matters: Rising debt and a weak dollar strengthen bitcoin's hedge narrative, but its high beta keeps the risk of deeper drawdowns during sell-offs.
Source: Crypto Briefing