The post SHOCKING! Trump Wants to Use Bitcoin to Clear America’s $35T Debt! appeared first on Coinpedia Fintech News
Donald Trump has been very vocal about Bitcoin and cryptocurrency since the start of his re-election campaign. On August 2nd, he gave an interview to Maria Bartiromo from Fox Business. During the interview he shared his views about strengthening the US economy.
During his interview, the Presidential candidate Donald Trump suggested paying off the country’s debt with Bitcoin. A video clip from the interview is getting famous on the social media platform X(formerly twitter). In this clip Trump can be heard saying-
“Maybe, we can pay off our 35 Trillion debt by handing them a little crypto check, hand them a little Bitcoin and wipe out the $35 trillion”
Donald Trump has been a huge supporter of Bitcoin for the last whole year. He has been suggesting many pro crypto initiatives. Throughout his reelection campaign, he has been advocating cryptocurrency, especially Bitcoin. During his speech in the Nashville conference, he outlined his vision for America to become the Bitcoin superpower. He promised to establish a strategic national bitcoin reserve from the Bitcoin seized by the US government. He said, if he is elected as the President in November, he will not sell the 200,000 BTC sitting in US custody.
During various instances, Donald Trump has expressed his strong desire to make America the biggest crypto power. According to him, America should be the one to use crypto to strengthen the economy and crypto should flourish under the U.S umbrella. He believes if the US does not do it, China will do it and he would not want that to happen.
Trump even criticized the current administration and SEC for their stance on cryptocurrency and taking legal actions without creating a clear regulation structure. The strict laws are preventing the growth that crypto innovation can bring for America.
