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The implications of President Trump's statement that his associate Elon Musk will use bitcoin to address the $35 trillion debt of the government?
* To explain this implication, do you have any solutions to acquire $35 trillion in Bitcoin?
- Invest money to buy? This is not possible because instead of doing that, it would be better to use the money to pay off the debt rather than buying bitcoin.
- Mining? This is even less feasible because the total supply of bitcoin and the remaining amount to be mined is very limited.
- Therefore, there is only one solution: hoarding and pushing its price up, then selling for profit, and when the price drops, repeat the cycle above.
What do you think about the above content? Please share your opinions, thank you.
* To explain this implication, do you have any solutions to acquire $35 trillion in Bitcoin?
- Invest money to buy? This is not possible because instead of doing that, it would be better to use the money to pay off the debt rather than buying bitcoin.
- Mining? This is even less feasible because the total supply of bitcoin and the remaining amount to be mined is very limited.
- Therefore, there is only one solution: hoarding and pushing its price up, then selling for profit, and when the price drops, repeat the cycle above.
What do you think about the above content? Please share your opinions, thank you.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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