Bank of America strategists have stated that the US government's debt increases by $1 trillion every 100 days, which helps explain why assets such as gold and Bitcoin are approaching historical highs. Strategists led by Michael Hartnett stated in a report on Friday that the pace of debt expansion is also accelerating. They estimate that it will only take 95 days for the debt to rise from $34 trillion to $35 trillion. Bank of America said that the consequence for the market is that trading related to "bond depreciation" has proven attractive as gold and Bitcoin have recently risen. The report stated that the reasons for the debt increase include economic stimulus used to combat the pandemic and economic recession, as well as funding for overseas wars, with the budget deficit over the past four years equivalent to 9.3% of GDP.

Pacific Investment Management Company (PIMCO) warned in a report this week that there is a risk of fiscal recklessness causing the US bond market to return to the situation of the 1980s. Pimco warned that "the deficit is likely to continue to increase".