US debt hits 368M BTC: American debt machine adds a century worth of new Bitcoin supply this year alone

The U.S. national debt surpassed $38.118 trillion as of early November, which, when denominated in Bitcoin at a working price of $103,500 per BTC, equals roughly 368.3 million BTC. This figure highlights the vast scale of U.S. liabilities against a fixed-supply asset. The debt increase of about $1.9 trillion since January 20 is equivalent to more than a century of new Bitcoin supply based on post-halving issuance rates. The article uses this unit-of-account lens to compare the rising debt numerator with the predictable, slow-growing Bitcoin denominator, noting that even at a $200,000 BTC price, the debt would still equal about 191 million BTC, far exceeding the current circulating supply of 19-20 million coins. The analysis is purely comparative, not suggesting repayment in BTC, and future movements depend on Treasury issuance strategy and spot Bitcoin ETF flows.

(Source：CryptoSlate)