The US federal debt has reached a record $37 trillion, adding fuel to calls that rising deficits and potential money supply growth may underpin a Bitcoin rally to $132,000 by year’s end.
“Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark,” said Representative Thomas Massie in a Wednesday X data-ct-non-breakable=”null” href=”https://x.com/RepThomasMassie/status/1955439666842173864″ rel=”noopener nofollow” target=”_blank” title=”null”>post.
The US deficit has risen to its latest record high a month after US President Donald Trump signed the data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitcoin-adoption-driven-by-tariff-deglobalization-trump-s-big-beautiful-bill” title=”null”>One Big Beautiful Bill Act into law on July 4, which he said would cut as much as $1.6 trillion in federal…
