The $40 trillion US debt mark is now within reach, at $39.9 trillion on Tuesday. That equals roughly $116,000 for every American, or nearly two Bitcoins at today’s price.

Bitcoin (BTC) backers call the debt the best reason to own a scarce asset. However, a new Conference Board report shows that the same debt is draining the budgets that fund everyday crypto buying.

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Why the $40 Trillion US Debt Hits Household Budgets

The Peter G. Peterson Foundation’s debt tracker showed $39.9 trillion on Tuesday, as did the Fiscal data dashboard. Interest alone burns through more than $2.8 billion per day, according to the foundation.