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International Business Times

Business

Marvie Basilan

Bitcoin Can 'Wipe Out' Debt? Trump Says US Should Be World's $BTC Leader

Bitcoin Donald Trump United States Cynthia Lummis Crypto

Trump's proposal for Bitcoin to be used to pay off U.S. debt is dividing the crypto community. (Credit: QuoteInspector.com/flickr)

KEY POINTS

Trump said the US can hand "a little Bitcoin" to its debtors to "wipe out" the country's $35 trillion debt
Sen. Lummis previously floated the said idea at the Bitcoin 2024 conference
Some crypto users agreed that it was possible for $BTC to be used that way
Others were against giving US Bitcoin holdings to other countries as a means to pay off debt

More than a week after delivering a keynote address at the Bitcoin 2024 conference, former U.S. President Donald Trump continues to speak about the world's top digital asset and how it can help the American economy, including its potential use case in relation to the country's staggering debt.

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