๐ช๐๐ ๐ฉ๐๐๐๐๐๐ ๐บ๐๐๐ ๐ป๐๐ ๐ผ.๐บ.๐จ ๐ญ๐๐๐ $๐๐ ๐ป๐๐๐๐๐๐๐ ๐ฐ๐ ๐ต๐๐๐๐๐๐๐ ๐ซ๐๐๐? ๐ฌ๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐
The idea of using $BTC to alleviate the United States' national debt has sparked a thought-provoking debate. With a staggering $35 trillion debt, the U.S. is under increasing fiscal pressure, and some have speculated that Bitcoin, as a decentralized digital currency, might offer a solution.
Former President Donald Trumpโs casual suggestion to sell โa few bitcoinsโ to erase the national debt has added fuel to the fire. While intriguing, it oversimplifies the reality of managing such a massive liability. Bitcoinโs market capitalization hovers around $600 billionโmerely a fraction of whatโs needed to even dent the national debt.
The International Monetary Fund (IMF) projects global public debt to surpass $100 trillion in 2024, with the U.S. contributing about one-third of that total. The U.S. national debt is expected to grow by another 5.5% next year, leading to an additional $2 trillion burden. With $1 trillion annually going toward interest payments alone, the traditional reliance on issuing bonds adds to inflationary pressures, worsening the situation.
Though Bitcoin has been touted as a hedge against inflation and a store of value, experts warn that its volatility, regulatory uncertainties, and limited liquidity make it an unlikely solution for debt management. Paul Muller, a senior fellow at the American Institute for Economic Research, suggests that embracing cryptocurrencies could spur economic growth by creating new opportunities, but cautions against relying on them as a magic bullet.
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