Solving the National Debt Problem 🇺🇲USA: The Bitcoin Act of 2024
According to the proposed Bitcoin Act of 2024, the 🇺🇲USA Treasury will purchase 1 million BTC over five years, aiming to leverage Bitcoin's potential for long-term growth. If BTC grows by 25% per year, forecasts suggest that by 2050, the 🇺🇲USA 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. 6529865149061893658486171264866836717524108366595859535#BONK❓ #Bonk