No: Trump did not tell people to buy Bitcoin because U.S. debt crossed $40 trillion. In remarks transcribed from a July 6, 2026 event, he said he had become supportive of crypto partly because he believed China would otherwise gain ground. The debt milestone can feed a long-term Bitcoin investment thesis, but it is not, by itself, a reliable reason to buy quickly: the effect depends on inflation, bond-market demand, real interest rates and Bitcoin’s behavior.
What did Trump say about crypto?
At a July 6, 2026 Trump Accounts launch event, Trump said: “Well, I’m a big crypto — I’ve become a big crypto guy only for one reason: if we don’t have it, China’s going to have it and they would like to have it.” He added: “But I will say this, to me, crypto is very powerful, a lot of people are using it, bitcoin.” The remarks, transcribed by Roll Call/Factba.se, express his geopolitical and political interest in crypto. They do not connect that interest to the national debt or recommend that the public buy Bitcoin.
As an Amazon Associate I earn from qualifying purchases.
What does the $40 trillion figure mean?
The Associated Press reported that U.S. national debt exceeded $40 trillion on August 19, 2026. AP reported the prior $39 trillion milestone in March 2026 and $38 trillion in October 2025. These are gross-debt milestones, not a forecast that the United States will default or that inflation is inevitable.
Do these 3 things before closing this tab:
1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesGross federal debt includes all outstanding Treasury securities, including debt held by federal government accounts. Debt held by the public excludes those intragovernmental holdings. The two measures are not interchangeable, so the $40 trillion gross figure should not be read as the amount owed only to outside investors.
#1 Best Overall
- BITCOIN EXCLUSIVE, PHONE VERIFICATION: Bitkey is designed from the ground up exclusively for bitcoin — a dedicated hardware wallet for secure bitcoin storage. Approve transactions with a tap using your phone and NFC. No device screen is required.
- SELF-CUSTODY, NO EXCHANGE OR CUSTODIAN REQUIRED: You hold two of the three keys in the Bitkey system – one on your phone and one on your Bitkey device. The third is stored on Bitkey’s server and cannot move your bitcoin on its own.
- NO SEED PHRASE: Set up and use Bitkey without creating or storing a seed phrase.
- 2-of-3 MULTISIG: Three keys are stored separately across your phone, Bitkey device, and Bitkey’s server. Any two keys are required to move your bitcoin.
- BUILT-IN RECOVERY: Encrypted backup and recovery tools can help you regain access if you lose your phone or Bitkey device. You can also designate a Recovery Contact.
Why might high debt support a Bitcoin thesis?
The argument is about what policymakers might do over time, not a mechanical relationship between a debt total and Bitcoin’s price. If investors worry that the government will manage heavy liabilities partly by tolerating persistent inflation or currency depreciation, they may seek assets they expect to preserve purchasing power. Bitcoin is often presented in that context because its supply is commonly described as capped at 21 million coins.
That is a conditional store-of-value thesis, not proof that Bitcoin reliably hedges inflation. A scarce asset can still fall in price, and Bitcoin’s performance as an inflation hedge has varied across periods. The Bitcoin white paper describes a peer-to-peer electronic cash system; it does not establish that Bitcoin will appreciate when government debt rises.
Rank #2
- Unparalleled Security: Protect your assets NDA-free EAL 6+ Secure Element, offering robust defense and complete transparency
- Simple & Secure Interface: Manage your digital assets easily with a clear OLED screen for secure on-device confirmations
- Supports 1000s of Coins & Tokens: Securely handle thousands of assets, including Bitcoin, Ethereum, and more, all in one wallet
- Effortless Asset Management: Monitor and transact seamlessly with Trezor Suite, our intuitive desktop and mobile app
- Enhanced Backup Solution: Rest assured with Multi-share Backup, eliminating single points of failure for secure cold wallet recovery
How could the debt story work against Bitcoin?
The government can finance deficits by selling Treasury securities to investors. If bond demand is insufficient at prevailing prices, yields can rise to attract buyers. When inflation-adjusted, or real, yields increase, interest-bearing bonds become more competitive with Bitcoin, which pays no interest. That higher opportunity cost can weigh on Bitcoin demand even while debt remains large.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
Other possible responses include raising taxes, reducing spending, or growing the economy relative to its debt. Outcomes also depend on inflation, monetary policy and demand for Treasuries. Large liabilities do not automatically mean money creation, a collapsing dollar or Bitcoin gains.
Rank #3
- Unparalleled Security: Protect your assets with EAL 6+ Secure Element, offering robust defense and complete transparency
- Simple & Secure Interface: Manage your digital assets easily with a clear OLED screen for secure on-device confirmations
- Supports 1000s of Coins & Tokens: Securely handle thousands of assets, including Bitcoin, Ethereum, and more, all in one wallet
- Effortless Asset Management: Monitor and transact seamlessly with Trezor Suite, our intuitive desktop and mobile app
- Enhanced Backup Solution: Multi-share Backup eliminates single points of failure for secure cold wallet recovery
Two fiscal paths, and what each could mean for Bitcoin
| Path | What happens | Possible implication for Bitcoin |
|---|---|---|
| Market-funded borrowing | Investors buy government bonds; yields may rise if higher returns are needed to attract capital. | Higher real yields can make a non-yielding asset less attractive, weakening the debt-based Bitcoin argument. |
| Inflationary or liquidity-supporting response | Policymakers tolerate persistent inflation or support conditions that expand liquidity, reducing the real burden of liabilities. | Concern about purchasing power could increase interest in scarce assets, but Bitcoin’s price response is not guaranteed. |
This comparison describes possible mechanisms, not predictions about which route policymakers will choose. The Motley Fool reported CBO projections of a $1.9 trillion 2026 deficit, public debt at 101% of GDP in 2026 and 120% in 2036. Those figures are secondary reporting of CBO projections, not a guarantee of future outcomes.
Did the $40 trillion milestone cause Bitcoin to rise?
The available reporting does not establish that it did. AP described a week in which Bitcoin and gold rose alongside several developments: a Treasury announcement concerning long-term buybacks, Trump urging Congress to advance crypto legislation, and a dollar sell-off. That cluster of events and investor activity is not evidence that the debt milestone alone caused the move.
Rank #4
- Dual-chip architecture for maximum protection: The next-gen, fully auditable TROPIC01 chip works alongside a certified EAL6+ Secure Element—completely NDA-free—to deliver radically transparent, industry-leading defense against physical attacks.
- Quantum-ready security: Get protection against future threats with the first-ever hardware wallet designed with quantum-ready architecture.
- See every detail with confidence: Our largest high-resolution color touchscreen makes it easy to navigate your assets, review transactions and manage your coins with clarity.
- Wireless freedom with encrypted Bluetooth control: Manage, buy, swap and stake securely using Trezor Suite on desktop or mobile. Qi2-compatible wireless charging keeps your Trezor powered up. No cables required—security meets convenience.
- Works seamlessly with Android, iOS and desktop: Connect wirelessly or via USB-C to your phone or computer. Manage your crypto anywhere with our companion Trezor Suite app.
Nor does the debt story provide a dependable entry price or timing signal. Short-term Bitcoin prices can respond to many factors, and the reviewed reporting does not establish a current buy level or a reliable current correlation with inflation, the dollar or Treasury yields.
PC Slower Than It Used to Be?
A free scan shows the junk files, broken settings and background clutter dragging Windows down - then fixes them in one click.Free scan · Windows 10 & 11Crashes, No Sound, or Screen Glitches?
Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteWhat should an investor take from the headline?
- Separate the statements: Trump’s cited remarks concerned crypto and competition with China, not the $40 trillion debt figure.
- Treat the debt argument as a scenario: it depends on whether inflation, currency weakness or other policy choices make scarce assets more appealing.
- Watch the counterforce: rising real yields can raise the opportunity cost of holding Bitcoin.
- Do not infer timing: a record debt milestone does not establish that Bitcoin is about to rise or that buying immediately is prudent.
- Account for risk: Bitcoin is volatile, and a long-term scarcity argument can fail or take years to play out. This is general information, not individualized financial advice.
BlackRock digital-assets head Robbie Mitchnick is described by the Bitcoin Foundation as viewing federal debt and deficits as relevant to Bitcoin’s long-term investment narrative. That reported perspective is an investment thesis, not evidence that debt predicts returns.
Quick Recap
Best Value
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Enjoy Bluetooth connectivity, iOS access, and hours of battery use with this mobile-first, secure backup signer. Freedom you can depend on.
- Genuine Check: confirm your signer is authentic during setup with the Ledger Wallet app.
- Protect your signer: keep it in mint condition at all times with a bespoke Pod or Case to avoid scratches and everyday wear and tear.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
