Donald Trump reveals new Bitcoin plan for first time
US presidential candidate Donald Trump's Bitcoin plans are more than what he announced at the Bitcoin conference. Trump said $35 trillion in national debt could be paid in Bitcoin.
US presidential candidate Donald Trump also revealed in a FOX interview published hours ago that he has other plans for Bitcoin.
As it is known, at the Bitcoin conference held recently, Trump promised to use Bitcoin as a strategic reserve asset if he won the election. In addition, he promised to make the USA a "Bitcoin superpower".
Apparently, Trump's plans on Bitcoin aren't limited to this. In his last interview, the presidential candidate said, “Who knows, maybe we can pay our national debt of 35 trillion dollars with crypto. We will give them some Bitcoin and delete our $35 trillion debt,” he said.
Trump said the crypto is very interesting and in some respects very high-end. The presidential candidate said, “It already makes a difference". It is progressing. It is very freely regulated. This is one of the reasons why it progressed. This is a different currency and something that will benefit the country.” said. Trump continued his words and said that Biden is trying to block crypto. 'He has no idea what this is,' Trump said, 'others will adopt it if we don't adopt it. It's already a pretty big market. You've probably read that it's bigger than any company in the world. It is larger than many countries. "We can be leaders in this field.” he said.
There is approximately 200 thousand BTC under the control of the USA. At current prices, this amount is over $12 billion. Cryptocurrencies, especially Bitcoin, constitute an important leg of the US election process. Especially the republican wing is developing a policy towards crypto and taking concrete steps. Finally, republican senator Cynthia Lummis had submitted a bill that would require the U.S. treasury to buy 1 million BTC for 5 years. This bill is expected to meet next year.
