"Shout Bitcoin to make America great again! Trump proposes 'BTC can pay off $35 trillion in national debt', mocking Biden: Only brainless people resist cryptocurrencies."

This article is machine translated
Show original

Former U.S. President and Republican nominee Trump has publicly supported cryptocurrency several times, and promised in his speech at the Bitcoin 2024 conference held last weekend: "If elected president, Bitcoin will be included in the U.S. strategic reserve and will never be used. Will sell.” As soon as the news came out, many cryptocurrency investors were excited.

Extended reading: News》Trump’s “Bitcoin Conference” announced that BTC will be used as a U.S. strategic reserve

Trump proposes using Bitcoin to pay off $35 trillion in national debt

Just yesterday, in an interview with Fox Business, Trump praised the cryptocurrency industry and reiterated his position that if the United States does not innovate in digital assets, other countries will surpass the United States. Trump also suggested that Bitcoin could play a role in solving the U.S. national debt problem:

Who knows, maybe we’ll use cryptocurrencies to pay off our $35 trillion national debt and give them a crypto check, right? We'll give them some Bitcoin and wipe out our $35 trillion debt.

Although Trump's remarks seem to use the Bitcoin held by the United States to repay debts, it can be seen from the words that he suggested using "Bitcoins to repay debts" rather than "selling Bitcoins to repay debts." This means that Trump recognizes Bitcoin The value of the coin.

In addition, Trump also satirized current President Biden in the interview, saying that Biden tried to prevent the development of cryptocurrency, but he did not have enough wisdom:

Can you imagine this person telling you to shut down something like this (cryptocurrency)? He didn't know what it was. But if we don’t accept it, someone else will.

Trump also added that embracing cryptocurrencies would benefit the country:

It already stands out. It is developing. It is very lightly regulated. This is one of the reasons for its development. But it is a different form of currency that will ultimately benefit the country.

The first debate between Trump and Harris

On the other hand, Trump posted on the social platform Truth Social at noon today that he had reached an agreement with Fox News to hold a debate with Vice President and Democratic candidate Kamala Harris on September 4:

I have reached an agreement with Fox News to debate Kamala Harris on Wednesday, September 4th. This debate was previously scheduled to be on ABC against Sleepy Joe Biden, but it created a conflict of interest because Biden will no longer participate and I am pursuing a lawsuit against the ABC network and George Slopadopoulos.

The Fox News debate will be held at a yet-to-be-determined location within the greater commonwealth of Pennsylvania. The debate will be moderated by Bret Baier and Martha MacCallum and the rules will be similar to the rules of my debate with Sleepy Joe, but this time there will be a full audience

In addition, the article also mentioned that if He Jinli was "unwilling or unable" to attend on that day, he would hold a citizens' meeting online, but this paragraph has been modified and deleted.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
2
Add to Favorites
Comments