Republican Congressman Thomas Massie of Kentucky has warned that 10% of the entire U.S. national debt will be added during the first half of Donald Trump’s second term, pushing the total debt to approximately $43 trillion. The One Big Beautiful Bill Act, signed on July 4, 2025, is projected to widen deficits by $3.4 trillion over ten years, or $4.1 trillion when including interest costs, according to the Congressional Budget Office. Massie forecasts a $2 trillion budget deficit specifically for 2026, driven by the bill, military spending related to the conflict with Iran, and additional spending measures. These persistent fiscal deficits are fueling investor interest in Bitcoin as a hedge against currency debasement and dollar credibility erosion.
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