Trump Suggests Using Crypto to Tackle $35 Trillion National Debt
Former President Donald Trump has proposed using cryptocurrency as a means to address the US national debt, which stands at $35 trillion.
During a recent Fox Business interview, Trump floated the idea of paying off the debt with cryptocurrency, specifically mentioning Bitcoin, but did not provide detailed plans on how this would be achieved.
Trump, who is running for president again, also expressed a desire for the US to lead in the cryptocurrency field, calling it an “intellectually very high level” sector.
At the Bitcoin2024 Conference, he suggested that if re-elected, he would halt the government’s practice of selling seized Bitcoin and instead hold it as a strategic investment.
READ MORE: Bitwise CIO Predicts Major Institutional Investment in Crypto ETFs This Year
As part of his campaign efforts, Trump is positioning himself as supportive of crypto, despite his previous criticism of digital assets as “a disaster waiting to happen” and past directives to scrutinize Bitcoin for potential fraud.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
