Trump must take office for the bull market in the cryptocurrency circle to continue.
Trump suggests using Bitcoin to solve the $35 trillion U.S. national debt problem
Overview of the $35 trillion debt crisis
The United States is currently struggling with an unprecedented national debt, which has now soared to a staggering $35 trillion.
This huge fiscal burden has triggered a series of economic problems, from potential inflationary pressures to a depreciating dollar. Faced with these challenges, some financial experts and leaders are advocating unconventional solutions, such as the introduction of Bitcoin and other cryptocurrencies.
Donald Trump's View on Bitcoin
In a recent interview with FOX Business, former President Donald Trump discussed the potential benefits of Bitcoin and crypto checks in solving the national debt. Although Trump has historically been skeptical about Bitcoin, his recent remarks indicate a nuanced stance that is consistent with a growing number of industry leaders who see cryptocurrency as a viable asset class.
Bitcoin has the potential to be worth millions of dollars per coin in the coming years. Financial strategists suggest that the U.S. government could build up a large Bitcoin reserve and hold these assets for a long time, perhaps two decades. By doing so, they believe the government can eventually liquidate the reserve at a higher valuation, significantly reducing or even eliminating the national debt without triggering hyperinflation.
