
The US government’s massive pile of debt is reaching fresh heights as a new fiscal year begins. The Treasury Department’s Debt to the Penny database shows the national debt rose from $35.464673929171 trillion on September 30th to $35.668947367182 trillion on October 1st – the first day of fiscal year 2025. That’s a jump of $204.273438011 […]
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Bridgewater Associates founder Ray Dalio says America’s $35.327646622839 trillion national debt will continue to grow no matter who wins the race for the White House. In a new interview with Bloomberg at the Milken Institute Asia Summit 2024, Dalio says the fast-approaching November election represents a crossroads for a number of critical issues including taxation […]
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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.
According to researcher Tom Wan, tokenized United States Treasury funds could see $3 billion in capital investment by the end of 2024.
BlackRock's tokenized United States Dollar Institutional Digital Liquidity Fund (BUIDL), an investment vehicle holding United States Treasury Bills, cash, and repurchase agreements, has paid investors $7 million in dividends since the launch of the investment fund in March of 2024.
According to asset tokenization firm Securitize, BUIDL paid investors $265,400 in dividends in March, $1.21 million in April, $1.67 million in May, $1.82 million in June, and $2.12 million in July.
BlackRock's BUIDL fund surpassed Franklin Templeton’s Franklin OnChain US Government Money Fund (BENJI) in April 2024, becoming the world's largest tokenized government debt investment fund.
A pro-crypto senator is proposing legislation for the US to stockpile 1 million Bitcoin (BTC) as the country’s national debt continues to rise. Speaking at the Bitcoin 2024 Conference, Republican Senator Cynthia Lummis of Wyoming announces that she will propose a bill to establish a BTC reserve as a means of securing the value of the […]
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