The national debt of the United States has risen to a record level of $37 trillion, raising concerns. A quarter of the government's current tax revenue is being used to pay interest on the debt, which is leading to questions in the market about the long-term stability of the economy.

As the debt burden increases and inflation risks persist, many analysts are beginning to reassess the long-term position of the dollar and the sustainability of U.S. fiscal policy. This development is changing investors' risk aversion behavior, prompting people to consider the relative advantages of digital assets versus traditional financial instruments in this macro context.

The key question arising from the current situation is: How will the increasing burden of debt reshape investors' risk preferences? On one hand, financial uncertainty may drive more capital toward digital assets as a means of value storage; on the other hand, the rise in systemic risk may lead investors to completely avoid high-risk asset classes, including the emerging cryptocurrency ecosystem.

The evolution of this fiscal dilemma is likely to redefine portfolio diversification strategies, requiring investors to more cautiously assess the performance capabilities of various asset classes under economic stress.