Robert Kiyosaki and Donald Trump propose using Bitcoin to solve the US $35 trillion national debt problem.
Robert Kiyosaki issued a stern warning about the US national debt of more than $35 trillion, saying that the debt is growing by $1 trillion every 100 days, which may trigger a financial collapse. He believes that the US dollar is unsustainable and urges Americans to invest in gold, silver and Bitcoin to protect their wealth.
Trump's Bitcoin Proposal
Former President Trump proposed using Bitcoin to solve the national debt, planning that the government would accumulate a large amount of Bitcoin reserves and hold it for 20 years, and sell it to repay the debt after its value rises. Some people think this idea is innovative, while others question its feasibility and risks.
Senator Lummis proposes to establish a Bitcoin reserve
Senator Cynthia Lummis proposed to establish a US Bitcoin reserve, advocating that the government purchase 1 million Bitcoins at the 2024 Bitcoin Conference. The proposal has support but also criticism due to the high volatility of Bitcoin.
The feasibility and risks of Bitcoin as a national asset
Although the use of Bitcoin to reduce national debt has attracted attention, it is controversial. Supporters such as Robert Kiyosaki and Michael Thaler see it as a "hard asset" that provides economic stability in times of crisis, but Bitcoin's extreme price volatility raises concerns about its reliability as a national asset.
