# The US Government Owes $39 Trillion. Here’s Why That’s Bitcoin’s Best Argument Yet Senator Lummis’s BITCOIN Act could be a solution to the debt crisis. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-07-13 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/e9118b48-2b08-4919-aa72-fb6e5d5954f3 ## The US Debt Crisis The US national debt surpassed $39 trillion in March 2026. The Congressional Budget Office projects a $1.9 trillion deficit for fiscal year 2026, raising concerns among economists and sparking debates on debt sustainability. ## What is the BITCOIN Act? Senator Cynthia Lummis proposes the BITCOIN Act, which would direct the Treasury to acquire 1 million Bitcoin over five years. This move positions Bitcoin as a long-term hedge and offers it as a solution to the debt crisis. ## Debt and the Economy US public debt exceeded GDP for the first time since World War II, outside the pandemic period. This poses a significant risk to economic stability and accelerates the search for alternative solutions. ## Bitcoin's Role Bitcoin emerges as a 'store of value' against inflation and debt crises. Lummis argues that Bitcoin could reduce national debt by one-third and highlights the future potential of this digital asset. ## Global Debt and Bitcoin The International Monetary Fund predicts global public debt could reach 100% of world GDP by 2029. This situation further emphasizes the role of digital assets like Bitcoin in the global economy. ## The Future of Bitcoin As the US debt crisis continues, the use of volatile assets like Bitcoin as a hedge is under discussion. The BITCOIN Act is seen as a significant step in this direction. ## Sources covering this story - https://news.bitcoin.com/the-us-government-owes-39-trillion-heres-why-thats-bitcoins-best-argument-yet-49201/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._