This number is a bit alarming—the US national debt has officially surpassed $30 trillion.

According to the latest data from the Treasury Department, the total amount of Treasury bills, notes, and bonds reached $30.2 trillion in November, up 0.7% from the previous month. What's even more staggering is that this figure has more than doubled compared to 2018.

The bill for the money-printing frenzy during those pandemic years is starting to show. The problem now is that debt interest payments are turning into a bottomless pit, burning through over a trillion dollars each year just to pay interest. This is absolutely a ticking time bomb for fiscal sustainability.

For the crypto space, the shadow of this sovereign debt crisis is, to some extent, reinforcing the narrative around decentralized assets. After all, when fiat currency credibility is diluted to this degree, the market needs to find some hedging tools.