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US national debt hits $39T, fueling Senator Lummis's push for Treasury to buy 1M Bitcoin as a hedge.

Market News
13 Jul 2026
Bitcoin
View Source
Bullish
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The US gross national debt surpassed $39 trillion in March 2026, with public debt exceeding GDP for the first time since WWII outside the pandemic. The Congressional Budget Office projects a $1.9 trillion deficit in fiscal 2026 and public debt rising to $56 trillion by 2036. In response, Senator Cynthia Lummis is advocating the BITCOIN Act, proposing the Treasury acquire up to 1 million bitcoin over five years to hedge against debt risks. While no official purchases have started, Lummis expects acquisitions to begin before the end of 2026, framing Bitcoin as a long-term store of value amid rising fiscal challenges.

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