Currently, the public debt of the USA represents 120% of GDP, significantly exceeding the international alert threshold. With this rate of debt growth consistently outpacing GDP growth, many people foresee that, in the long term, the risk of economic recession in the USA is very high.

Rating agencies such as Fitch and Moody's have also downgraded the credit rating of the USA or its rating outlook.

One of the main reasons for the growth of the debt is the enormous fiscal deficit of this year. This year's fiscal deficit reached 1.8 trillion dollars, an increase of 8.1% compared to last year, and is at the third highest level in history. It is only surpassed by the deficits of 2020 and 2021, showing that the most severe levels are concentrated in these years.

Currently, the market considers that the government of the USA has two possible solutions:

The first is to reduce the fiscal deficit through Musk's Department of Government Efficiency, with large cuts to departments and layoffs.

The second is to encourage the government of the USA or the Federal Reserve to accumulate Bitcoin and drive its value up; it could even eventually consider replacing long-term Treasury bonds with Bitcoin as a key solution.

Therefore, USA's support for the spot Bitcoin ETF has increased significantly. On January 10 of this year, the USA Securities and Exchange Commission (SEC) approved a spot Bitcoin ETF for the first time. Since then, these funds have grown rapidly, surpassing 100 billion dollars in total assets, becoming one of the most successful fund categories in history.

Moreover, with Trump's support, and seeing the current situation, Trump also considers Bitcoin as his personal business. Whether from the perspective of solving the economic problems of the USA, or from Trump's need to generate money, Bitcoin has now become the most suitable tool.