Solving the Problem of the US National Debt: The 2024 Bitcoin Act
According to the proposed 2024 Bitcoin Act, the US Treasury will purchase 1 million BTC over five years, aiming to leverage the potential of Bitcoin for long-term growth. If BTC grows by 25% per year, forecasts suggest that by 2050, the US could offset 44% of its national debt.
The plan involves acquiring 200,000 BTC annually over five years. President Trump raised the issue of the possibility of using cryptocurrencies, including Bitcoin, to pay off the debt, which sparked debates about the feasibility of such strategies.$BTC