How will Trump handle the US debt issue when he comes to power? Actually, Trump's approach is quite clear. Bitcoin will replace the US dollar, bringing it back to life.
First step, dollarization and significant devaluation, so the US debt will also depreciate significantly.
Second step, the monetization of Bitcoin, leading to a substantial appreciation, allowing the Trump administration to use Bitcoin, which appeared out of nowhere, as a bargaining chip to resolve US debt. Because interest rates cannot be raised anymore, US debt has reached a staggering $36 trillion, and the debt situation resembles that of Japan, where the impact of interest rate hikes is practically negligible; indeed, after a certain amount of debt, it becomes unmanageable.
What to do? Trump's idea is simply to eliminate the dollar and switch to Bitcoin, changing the pool of assets. As the dealer, Trump has a first-mover advantage, seizing the opportunity to acquire the largest amount of Bitcoin while everyone else is unaware of this situation. If others dare to follow suit, they can end up in jail; if they can be eliminated, they will be, and if they can be liquidated, they will be liquidated. Just look at the Bitcoin moguls in prison, those who died unexpectedly, and those who faced liquidation—there are many examples.
Trump knows how to play; he is adept at replacing the dollar with Bitcoin in this resurrection scheme. The question is, what is the risk? The biggest risk is the collapse of dollar hegemony. A controlled devaluation of the dollar can still maintain the last bit of dollar hegemony for a while. However, if the dollar collapses too quickly and uncontrollably, it will be akin to a stampede when a movie theater catches fire, and countries and individuals holding dollar assets will suffer greatly.
To address this situation, Trump has taken a third step: nominally, he will use the military to clear illegal immigrants, but in reality, he uses the military to maintain internal stability. What he is really clearing out are the vested interests in dollar assets. As it stands, the path looks like this; the idea is quite beautiful, but what will the outcome be? Let's wait and see Trump perform when he comes to power. #比特币突破10万？
