Increase by about $1 trillion every 100 days! U.S. debt approaching $34.4 trillion.

In recent months, the pace of growth in the United States' debt burden has noticeably accelerated, increasing by almost $1 trillion every 100 days. According to data from the U.S. Treasury Department, after briefly surpassing $34 trillion on December 29th, the U.S. debt permanently crossed this threshold by January 4th. It reached $33 trillion on September 15, 2023, and $32 trillion on June 15, 2023, showing a clear trend of acceleration. It is worth noting that before this, it took about eight months to rise from $31 trillion to $32 trillion. As of Wednesday (February 28th), U.S. debt was approaching $34.4 trillion, which is the money the federal government has borrowed to pay for operating expenses. Michael Hartnett, a Bank of America investment strategist, believes that as U.S. debt climbs from $34 trillion to $35 trillion, this trend of hundred-day growth will remain unchanged. In a report released on Thursday, he wrote: "No wonder 'debt devaluation' trades are nearing historical highs, with gold at $2077 per ounce and Bitcoin at $67734 per coin." Spot gold is currently hovering around $2084 per ounce, while Bitcoin recently traded at around $61443 per coin. Bitcoin had an outstanding performance in February, becoming the best month since 2020, briefly trading above $64000 on Wednesday before falling back. Hartnett pointed out that inflows into cryptocurrency funds are expected to experience an "explosive year," with annual inflows so far this year totaling $44.7 billion. Considering the rising risks to the U.S. fiscal strength, Moody's Investor Service downgraded the U.S. government's rating outlook from stable to negative in November. The agency stated: "With interest rates rising, there are no effective fiscal policy measures to reduce government spending or increase revenue. Moody's expects the U.S. fiscal deficit to remain very large, significantly weakening debt sustainability."