Investors appear to be turning back to Bitcoin (CRYPO: $BTC) amid rising fears that the U.S. dollar will become devalued in the coming months and years. The U.S. Treasury Department announced on July 24 that the federal government's debt stands at an all-time high of $39.7 trillion U.S.More From Cryptoprowl:Worse, the U.S. government's debt is growing by $7 billion U.S. each day. The debt situation in America has reignited the so-called "debasement trade," a bet that the U.S. dollar will fall in value. In response, many investors are buying limited-supply assets such as Bitcoin, the largest cryptocurrency by market capitalization, and the precious metal gold. A growing number of analysts say that the U.S. debt is triggering demand for assets that fall outside the traditional financial system, such as Bitcoin.