MultiversX Tracker is Live!

The government should buy Bitcoin to pay down the $34T of US Debt and restore trust

Bitcoin Reddit

More / Bitcoin Reddit 82 Views

Imagine a scenario where the United States invests $3-4 trillion in Bitcoin within the upcoming months. They devise a long-term strategy spanning 15-30 years, aiming to gradually sell off small portions of BTC (0.5-0.2%) annually to manage debt obligations and reduce the balance.

Such a move could trigger a cascade effect, prompting other nations and financial entities to follow suit, driving the price of Bitcoin to unprecedented levels. While it may not align with the government's current interests, the inevitability of other countries adopting similar strategies looms on the horizon.

In a matter of years, the United States could potentially eliminate its debt burden, bolstering its financial position with a robust Bitcoin reserve. This strategic move would fortify the strength of the US dollar, which would now be partially backed by Bitcoin. Such a scenario could reshape global perceptions of currency reserves and solidify the US's position in the evolving financial landscape.

submitted by /u/slcg2018
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments