The **U.S. national debt** has surged to **$37.88 trillion** as of October 2025, growing by about **$6 billion daily** and adding $2.2 trillion since last year. Rising debt costs have pushed annual interest payments to **$241 billion**, while 31% of marketable debt is set to mature within 12 months, raising rollover risks. The dollar is down over 10% in 2025, its worst year since 1973, losing 40% of its value since 2000.
Amid this backdrop, **Bitcoin and gold hit record highs**, with BTC surpassing **$125,000** and gold reaching **$3,924/oz**. Silver also surged, with all three ranking among the top 10 global assets. Analysts call this a **“debasement trade”**, where investors flee fiat currencies for safer stores of value. Correlations between gold and stocks have reached record highs, reflecting unusual simultaneous rallies in safe havens, equities, and crypto.
Bitcoin has outperformed traditional assets, up **32% year-to-date** and delivering **7x returns vs. the S&P 500 since 2020**. Analysts suggest BTC could climb to **$140K–$155K** before a major correction, with **$106K** as a key support level.
