Trump floats paying off $35T national debt using Bitcoin
The United States government is adding $1 trillion to the national debt approximately every 100 days, sparking fears of runaway inflation.
Former President Donald Trump recently proposed using Bitcoin (BTC) or a “crypto check” to pay off the United States government’s staggering $35 trillion national debt and avert a looming debt crisis
In an interview with Maria Bartiromo of Fox News, the GOP’s 2024 presidential candidate praised the crypto industry and re-iterated his stance that if America does not innovate on the digital asset front, other countries will. The former president then hinted at the role Bitcoin could play in settling the US national debt:
Trump’s statement is a nod to the power of the supply-capped asset to absorb and transmute US dollar inflation into a new system founded on sound money and blockchain technology.
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Author: Vince Quill
