Cameron Winklevoss tweeted Tuesday that there are '39 trillion reasons to buy Bitcoin,' referencing the U.S. national debt, which has climbed past $39 trillion. The post comes less than a week after the Winklevoss twins donated $21 million worth of Bitcoin to a political action committee backing President Donald Trump's re-election. Bitcoin's hard cap of 21 million coins has long been pitched as an antidote to fiat debt, but the argument hasn't stopped the asset from sliding — it's now trading around $74,000.
The debt figure that keeps coming up
The national debt crossed $39 trillion sometime this spring, according to federal data. Cameron Winklevoss seized on the number in a tweet that boiled the case for Bitcoin down to arithmetic: more debt, finite supply. He's not alone. Jim Cramer, Michael Saylor, and Anthony Pompliano have all tied the growing debt pile to Bitcoin's value proposition in recent months. It's a standard argument in crypto circles — but with the debt hitting a fresh milestone, proponents are leaning on it harder.
A $21 million bet on politics
The Winklevoss twins, co-founders of the Gemini exchange, made headlines last week by donating $21 million in Bitcoin to a pro-Trump PAC. The move aligns them with a growing list of crypto donors backing candidates who take a lighter regulatory touch. Neither twin has commented publicly on the donation beyond the initial announcement. Gemini declined to answer questions about the timing relative to Cameron's latest tweet.
The problem with the last call
Cameron Winklevoss has a recent track record that makes his bullishness worth scrutinizing. Late last year, when Bitcoin fell below $90,000, he called it a 'final chance to buy before a rebound.' The rebound didn't come. Bitcoin kept sliding and now sits at roughly $74,000. That doesn't mean he's wrong this time — but it does mean the 'buy the dip' argument has lost some credibility with traders who followed that advice.
The presidential campaign is still months from Election Day, and the debt figure will keep climbing. Whether Bitcoin can finally break its correlation with risk assets and rally on the debt narrative is the unresolved question. The Winklevoss camp is betting yes — twice over.
