Trump Proposes Strategic Bitcoin Reserve to Address $35 Trillion Debt Using $20 Billion Bitcoin Assets

Dec 22, 2024, 03:30 AM

Former President Donald Trump has proposed the establishment of a Strategic Bitcoin Reserve for the United States, suggesting it could help address the national debt, currently at $35 trillion. In recent remarks, Trump indicated that the U.S. could potentially utilize its existing $20 billion in Bitcoin assets, accumulated through seizures, as a national asset to enhance the country's cryptocurrency influence. This proposal has sparked discussions about the implications of holding Bitcoin as a long-term strategy versus selling it. The idea of a Strategic Bitcoin Reserve is being explored as a way to manage national debt while potentially benefiting from Bitcoin's market dynamics.