4 weeks ago
7
An old video is currently circulating across the Crypto X platform, where Donald Trump shared his idea of using Bitcoin to pay the $35 trillion debt.
As we know, Donald Trump secured victory and is now the 47th U.S. president. During the election campaign, he gained better support from the crypto community as well as from the world’s top famous personality, Elon Musk. To gain support from crypto investors, Trump has talked about Bitcoin several times.
In particular, in September of this year, Trump discussed Bitcoin in a live interview. At the time, he said that America could reduce the $35 trillion debt using Bitcoin. Indirectly, Trump proposed the idea of buying Bitcoin to add it to the country’s treasury funds and later using Bitcoin to offset the country’s debt.
That interview video is now circulating across the Crypto X community, as Trump is now the new president of America.
The majority of Crypto X users said that such ideas have better beneficial sides for Bitcoin and will elevate Bitcoin to the next level of adoption.
Some people claimed that such ideas are only theoretical because it is not easy to pay a $35 trillion debt using Bitcoin. Even if the Bitcoin price doubles, it will not help the U.S. at all.
On the other hand, some people said that if the U.S. is holding 40% of the total supply of gold, then why is it not possible for the U.S. to hold 10% of the Bitcoin supply? Also, we should not forget that the supply of Bitcoin is highly limited, so an increase in the price of Bitcoin will occur much more rapidly than gold.
In short, now the crypto enthusiasts are talking about the potential next big & bold statement by Trump, and obviously, if Trump starts talking about it, then surely the Bitcoin price will surge by at least 10%.
Four years ago, when Trump was a Bitcoin hater, his negative statements against Bitcoin severely impacted the trade price of Bitcoin. Typically, BTC would plunge by 7-8%.
English (US) · 