**Trump Proposes Bitcoin to Address U.S. National Debt**
Former President Donald Trump has suggested using Bitcoin to address the United States’ $35 trillion national debt, sparking debates across political camps. In a recent interview, Trump praised the crypto industry and highlighted the potential of digital assets. He proposed that the U.S. could use Bitcoin to stabilize the economy and prevent a financial crisis.
The U.S. national debt is rising rapidly, now increasing by $1 trillion every three months. The government’s money printing to service existing debts is leading to inflation. Trump believes Bitcoin, with its supply cap, could mitigate this problem by transferring value from the devaluing dollar to Bitcoin, potentially avoiding a currency collapse.
Vice President Kamala Harris’ campaign has flagged Trump’s comments, though Harris has not made any policy statements about crypto. Trump criticized President Biden’s stance on crypto, arguing that the U.S. should embrace Bitcoin to stay competitive globally.
Senator Cynthia Lummis has introduced a bill to create a strategic Bitcoin reserve, aiming for the U.S. Treasury to hold 5% of Bitcoin’s total supply for at least 20 years. This reserve could act as a hedge against monetary devaluation and help maintain U.S. financial dominance.
Trump’s proposal has opened a new conversation about the role of digital assets in addressing the growing debt crisis. While still in its early stages, the idea highlights the need for innovative solutions to secure the U.S. financial future.