Donald Trump Suggests Using Bitcoin to Repay the US Debt!
In a recent interview, former President Donald Trump proposed a bold solution to address the United States’ national debt crisis, which amounts to $35 trillion: using Bitcoin. This proposal marks a notable shift in the Republican Party’s position on digital assets.
Bitcoin to Repay American Debt? Donald Trump’s Bold Proposal
Trump suggested that the U.S. government could consider “issuing small crypto checks” to repay the national debt. He emphasized that Bitcoin, as an asset with a limited supply, could absorb and transform U.S. dollar inflation into a new system based on sound money and blockchain technology. This idea is part of a broader strategy to maintain U.S. dominance in global markets and trade.
Trump’s proposal comes at a time when the U.S. government continues to devalue the dollar by printing more money to repay previous debts. This practice has led to a rapid increase in the national debt, which is growing by approximately $1 trillion every three months.
A Well-Received Proposal!
The idea of using Bitcoin to repay the national debt has been supported by other political figures, notably presidential candidate Robert F. Kennedy Jr. and Senator Cynthia Lummis. She recently introduced a bill to establish a strategic Bitcoin reserve in the U.S. to counter the harmful effects of excessive money printing and preserve the country’s financial dominance. The Wyoming senator aims for the U.S. Treasury to acquire 5% of the total Bitcoin supply and to hold this rare decentralized asset for at least 20 years.
Donald Trump’s proposal to use Bitcoin to repay the U.S. national debt represents an innovative and controversial approach to solving the debt crisis. As the debate over the future of cryptocurrencies and their role in the global economy continues, Trump’s pro-crypto policy could very well propel him to the top office in the upcoming elections.
