According to CoinMeta, Matt Seigel indicates that the U.S. Treasury Department is financing U.S. debt through short-term treasury bills. Currently, short-term treasury bills account for 23% of tradable debt, which is higher than the 15% to 20% range recommended by the Treasury Department's Borrowing Advisory Committee. This increases the cost of maintaining high interest rates and puts pressure on the dollar. Seigel points out that there has been a negative correlation between Bitcoin and the dollar over the past 15 years, suggesting that this trend indicates lower real interest rates, a structurally weaker dollar, and support for Bitcoin as a hedging tool.