Bitcoin (BTC) proponents are in daze once again this week as the true extent of the United States' fiat debt bubble becomes clearer.

Citing statistics from the U.Southward. Treasury on May 7, markets analyst Mati Greenspan noted that the country'south full national debt has passed $25 trillion for the beginning fourth dimension ever.

U.S. adds $24M of debt per minute

The unenviable achievement follows several huge rounds of public financing from the Trump administration via the Federal Reserve. Since April 9, the debt mountain has increased past $one trillion.

That, Greenspan notes, is the equivalent of $24 meg every single infinitesimal concluding calendar month.

According to data from online monitoring resource U.S. Debt Clock, each taxpayer is at present $201,000 in debt, putting into perspective the selective $1,200 checks Americans received several weeks ago.

Greenspan commented on the $25 trillion threshold being broken with a familiar meme among cryptocurrency fans — the "BRRR" audio used to describe the Fed's press press.

U.S. national debt, 1942-nowadays. Source: TradingEconomics/ U.South. Treasury

A century of warnings goes unheeded

As Cointelegraph often reports, economists who do not subscribe to inflationary policies promoted by governments accept long warned that aggrandizement cannot outcome in prosperity.

The grim reality of coin printing is a regular point of contend in Bitcoin circles, notably on financial news show the Keiser Report, as well as on social media and in Saifedean Ammous' popular book, "The Bitcoin Standard."

Long before Bitcoin existed, dissenting voices railed against the irrational beliefs of key banks inflating the money supply. Notably, Henry Hazlitt forecast the electric current state of affairs in his seminal book, "Economic science in I Lesson," published but a year after the end of the Second World War.

Meanwhile, others go on to make light of the absurd debasement of fiat currency. A dedicated Twitter business relationship covering the U.S. stimulus checks notes that a check invested in Bitcoin on April 15 would now instead be worth $ane,609.

In mid-April, Cointelegraph reported that the percentage of deposits and buys worth $ane,200 — the exact value of the stimulus check — increased over 4 times, according to Coinbase CEO, Brian Armstrong.