
Donald Trump suggested paying off the US's $35 trillion debt with Bitcoin in a recent interview.
He has been a strong advocate for Bitcoin, proposing initiatives like a national Bitcoin reserve and aiming to make the US a crypto superpower.
Trump criticized current administration and SEC regulations, arguing that they stifle crypto innovation.
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, where he shared his views on strengthening the US economy.
And well, you’re probably not ready for his EXPLOSIVE statements! Read on below.
A Radical Proposal
During the interview, the Presidential candidate Donald Trump
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President suggested paying off the country’s debt with Bitcoin. A video clip from the interview has gone viral on the social media platform X (formerly Twitter). In the clip, Trump can be heard saying:
โMaybe, 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 trillionโ
Trump’s Pro-Crypto Stance
Donald Trump has been a significant supporter of Bitcoin over the past year. He has proposed many pro-crypto initiatives and consistently advocated for cryptocurrency, particularly Bitcoin, throughout his re-election campaign. At a conference in Nashville, he outlined his vision for America to become a Bitcoin superpower, promising to establish a strategic national Bitcoin reserve from the Bitcoin seized by the US government. He stated that if elected President in November, he would not sell the 200,000 BTC currently in US custody.
A Bold Vision for America
Trump has repeatedly expressed his strong desire to make America the leading crypto power. He believes that the US should use crypto to strengthen its economy and allow cryptocurrency to flourish under the US umbrella. According to him, if the US does not seize this opportunity, China will, and he is determined to prevent that.
Bashing the Current Crypto Regulations
Trump has also criticized the current administration and the SEC for their stance on cryptocurrency, arguing that they take legal actions without creating a clear regulatory structure. He believes these strict laws hinder the growth that crypto innovation can bring to America.
Could this be the game-changer cryptocurrency needs? The countdown to November begins.