Trump Suggests Using Bitcoin to Address $35 Trillion US Debt

Aug 2, 2024, 05:13 PM

Former President Donald Trump has suggested the possibility of using cryptocurrency, specifically Bitcoin, to address the United States' $35 trillion national debt. Trump proposed the idea of handing out 'crypto checks' or 'a little Bitcoin' as a means to pay off the substantial debt. His comments have sparked widespread reactions and skepticism, with many questioning the feasibility and understanding of such a proposal. The total market value of Bitcoin is approximately $1.2 trillion, which falls significantly short of the $35 trillion debt, raising doubts about the practicality of Trump's suggestion.