Trump Interested in Using Bitcoin to Solve the US National Debt Problem
Former President and Republican Presidential Candidate Donald Trump reportedly inquired about solving the U.S. national debt problem using bitcoin. Audio recorded by the Bitcoin.com News team confirmed that on an X space held on Sunday night, Bitcoin Magazine CEO David Bailey revealed that Trump asked if bitcoin could solve the $35 trillion U.S. national debt problem during their first meeting.
Trump Inquired About Solving the U.S. National Debt Problem With Bitcoin
Bitcoin’s reserve asset traits are now being examined in developing strategies to solve the U.S. national debt problem. According to David Bailey, CEO of Bitcoin Magazine, Presidential Republican candidate and Former President Donald Trump inquired about using Bitcoin to tackle the growing debt problem.
Audio recorded by the Bitcoin.com News team confirms that on an X space held on Sunday Night, Bailey was asked if he had pitched the idea of backing the U.S. dollar with bitcoin, first presented by U.S. Presidential Candidate Robert Kennedy Jr.
Bailey then revealed what happened during the first time he met Trump to discuss the crypto policy of its campaign.
He stated:
No, not yet. But when we met, the first thing he asked me was like: ‘ Hey, can bitcoin do anything about the 35 trillion dollar debt?’ I was like, we have some ideas, but we’re not talking about that in the first meeting.
Bailey, who recently disclosed his links to Trump’s campaign, also revealed that he was in part responsible in part for the speech where the Republican candidate stated that he would keep Senator Elizabeth Warren’s goons away from bitcoin.
He acknowledged that the speech was heavily redacted and got information from several sources. Nonetheless, Bailey stressed Trump was supposed to reference bitcoin directly, stating that “crooked Joe (Biden) doesn’t even know what bitcoin is.” Instead, Trump substituted the word bitcoin for crypto.
Trump recently announced he would start accepting cryptocurrency donations for his campaign. Bailey is also in the process of raising a $100 million fund to secure Trump’s victory in the upcoming elections.
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