Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin save U.S. from its rising national debt?
by
figmentofmyass
on 15/12/2019, 18:36:50 UTC
lowering the national debt was one of donald trump's campaign promises. politicians....

Quote
According to the Treasury report in early October, summarized by Business Insider's Bob Bryan, the US federal budget deficit rose as a result of the Tax Cuts and Jobs Act of 2017 signed into law by President Donald Trump on December 22, 2017 and the Consolidated Appropriations Act, 2018 signed into law on March 23, 2018.

https://en.wikipedia.org/wiki/National_debt_of_the_United_States#Sustainability

Now I have a question to all of you here. Do you honestly think that only Bitcoin can fix this “ticking time bomb” in the United States?

I would like to hear out your reactions or opinion about this one guys. Happy Sunday everyone!

how would it fix the national debt? the article doesn't really say. the author just hypes up bitcoin's scarcity and suggests the price will rise. are we talking about scrapping the USD for bitcoin? backing the USD with bitcoin? the treasury holding bitcoin reserves as a hedge?