{"id":74266,"date":"2026-06-19T16:34:51","date_gmt":"2026-06-19T16:34:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-department-of-war-seeks-80-billion-for-iran-war-as-deficit-fears-boost-bitcoins-case\/"},"modified":"2026-06-19T16:34:51","modified_gmt":"2026-06-19T16:34:51","slug":"us-department-of-war-seeks-80-billion-for-iran-war-as-deficit-fears-boost-bitcoins-case","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-department-of-war-seeks-80-billion-for-iran-war-as-deficit-fears-boost-bitcoins-case\/","title":{"rendered":"US Department of War Seeks $80 Billion for Iran War as Deficit Fears Boost Bitcoin&#8217;s Case"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The U.S. Department of War is seeking $80 billion for the Iran war and non-war bills.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The request follows an earlier $200 billion ask and an April estimate that pegged the war\u2019s cost near $25 billion.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Rising U.S. debt past $39 trillion has strengthened the argument for bitcoin as a hedge, JPMorgan and others note.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">An $80 Billion Ask<\/span><\/h2>\n<p><span style=\"font-weight:400\">The U.S. Department of War, the rebranded Department of Defense, has informed lawmakers that it requires $80 billion to cover the cost of the war in Iran, along with a range of other bills. Deputy Defense Secretary Stephen Feinberg communicated the figure to members of Congress in phone calls earlier in the week, clarifying that the amount<\/span> is not solely for the war effort.<\/p>\n<p>According to reports, the sum also covers non-defense priorities such as farm and disaster relief, and a full supplemental request bundling those items could reach lawmakers within days. The ask comes as the conflict approaches its four-month mark, having begun in late February.<\/p>\n<figure id=\"attachment_824253\" aria-describedby=\"caption-attachment-824253\" style=\"width:1280px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-824253\" class=\"wp-caption-text\">Image source: Jerusalem Times<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">It is also a step down from earlier figures as the Pentagon initially floated a request of <\/span><a href=\"https:\/\/www.washingtonpost.com\/national-security\/2026\/03\/18\/iran-cost-budget-pentagon\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">more than $200 billion<\/span><\/a><span style=\"font-weight:400\">, which met resistance from lawmakers wary of open-ended spending. In April, a defense official offered the first official estimate of the war\u2019s cost at <\/span><a href=\"https:\/\/www.aljazeera.com\/news\/2026\/4\/30\/25bn-or-1-trillion-how-much-has-iran-war-really-cost-the-us\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">around $25 billion,<\/span><\/a><span style=\"font-weight:400\"> a fraction of the new supplemental.<\/span><\/p>\n<h2><span style=\"font-weight:400\"> <span>Bitcoin<\/span> as a Wartime Hedge<\/span><\/h2>\n<p><span style=\"font-weight:400\">For the <span>crypto<\/span> market, the significance lies less in the war itself than in what it does to the federal balance sheet. Each new supplemental adds to a deficit that <span>bitcoin<\/span> advocates point to as the core case for a fixed-supply asset. <span>Bitcoin.com<\/span> News reported that U.S. national debt has climbed past $39 trillion, <\/span><a href=\"https:\/\/news.bitcoin.com\/us-national-debt-surpasses-gdp-wwii-bitcoin\/\"><span style=\"font-weight:400\">eclipsing the size of the economy<\/span><\/a><span style=\"font-weight:400\"> for the first time since the end of World War II, a milestone proponents argue validates <span>bitcoin<\/span>\u2019s role as a hedge against currency debasement.<\/span><\/p>\n<p><span style=\"font-weight:400\">That argument has prominent backers, including <\/span><span style=\"font-weight:400\">Senator Cynthia Lummis, who<\/span><span style=\"font-weight:400\"> has repeatedly tied <span>bitcoin<\/span> to the nation\u2019s fiscal trajectory. Meanwhile, economist Peter Schiff has warned that debt could surge toward <\/span><a href=\"https:\/\/news.bitcoin.com\/us-debt-surges-past-39t-as-schiff-warns-of-50t-explosion-within-3-years\/\"><span style=\"font-weight:400\">$50 trillion<\/span><\/a><span style=\"font-weight:400\"> within a few years.<\/span><\/p>\n<p><span style=\"font-weight:400\">The logic is straightforward: when governments borrow heavily to fund wars and relief programs, central banks often help finance the load, raising the risk of <span>inflation<\/span> and pushing some investors toward scarce assets.<\/span><\/p>\n<p><span style=\"font-weight:400\"> <span>Bitcoin<\/span>\u2019s behavior during the Iran conflict has only sharpened the debate, with JPMorgan saying the war produced an <\/span><span style=\"font-weight:400\">unusual market split<\/span><span style=\"font-weight:400\">, and <span>bitcoin<\/span> showing signs of safe-haven demand even as <span>gold<\/span> and silver weakened under outflows and profit-taking. After initially falling about 8.5% when the conflict began, <span>bitcoin<\/span> rebounded roughly 11% from its opening-day lows, outperforming several traditional havens over the following weeks.<\/span><\/p>\n<h2><span style=\"font-weight:400\">A Test of the Hedge Narrative<\/span><\/h2>\n<p><span style=\"font-weight:400\">Not everyone is convinced <span>bitcoin<\/span> has earned its safe-haven status yet, with skeptics noting <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> still trades with risk assets much of the time and sold off sharply in the war\u2019s opening hours. But its series of fast recoveries has lent weight to the view that <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> functions as a 24\/7 <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-liquidity-pools\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity pool<\/a> that absorbs geopolitical shocks faster than slower-moving markets.<\/span><\/p>\n<p><span style=\"font-weight:400\">There is also a domestic political layer to this discussion. Lawmakers have pressed the administration for a comprehensive war-cost figure for months, and the supplemental will force that debate into the open ahead of the November midterm elections. How Congress responds (by trimming, approving or stalling the request) will shape both the deficit outlook and the broader risk backdrop that <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> trades against.<\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/us-department-of-war-80-billion-iran-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways The U.S. Department of War is seeking $80 billion for the Iran war and non-war bills. The request follows an earlier $200 billion ask and an April estimate that pegged the war\u2019s cost near $25 billion. Rising U.S. debt past $39 trillion has strengthened the argument [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74266"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74266"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74267"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}