Bitcoin as a Debt Solution? Riot Platform Executive Makes Bold Proposal
In a recent X post, Pierre Rochard, VP of Research at Riot Platform, proposed a plan for the U.S. to address its national debt using Bitcoin reserves.
He suggested that by purchasing Bitcoin and holding it for 20 years, the U.S. could eventually use these reserves to pay off its debt. This idea has generated considerable buzz in the crypto community.
Rochard outlined a three-step strategy: buy Bitcoin, hold it for two decades, and then use it to clear national debt. His proposal has ignited discussions, especially given the current economic concerns about a potential U.S. recession. He believes this approach could offer a solution to the country’s economic issues.
Some skeptics questioned the feasibility, pointing out the unknown future size of the national debt. Rochard responded with confidence, predicting that Bitcoin’s value will exceed the debt in the long run, underscoring his strong belief in Bitcoin’s potential.
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Bitfinex Executive Predicts Bitcoin Price Range for AugustFormer President Donald Trump also recently suggested that Bitcoin and other cryptocurrencies could help mitigate the national debt. This statement has attracted significant interest from investors.
The U.S. Bitcoin Strategic Reserve bill has been moved to the Senate Banking Committee for further review, a development highlighted by Senator Cynthia Lummis as a significant milestone for the crypto sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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