Donald Trump, re-elected as U.S. president in 2024, proposed using bitcoin to help reduce the country's staggering $35 trillion national debt.
Trump's Bitcoin Proposal
In a recent statement, Trump highlighted his belief in the 'great future' of cryptocurrencies and suggested using bitcoin to address the nation's financial challenges. Trump, who became the first U.S. president to make a Bitcoin transaction, continues to support digital currencies.
Cryptocurrency Prospects
Trump's re-election marks a renewed commitment to making the U.S. the 'crypto capital of the world'. He suggested that 'maybe we'll pay off our $35 trillion debt' by embracing bitcoin. His stance reflects a broader strategy of appealing to the expanding Bitcoin and crypto voter bloc.
Other Politicians' Positions
Meanwhile, Vice President Kamala Harris supports innovative technologies like A.I. and digital assets. While she hasn’t specifically mentioned bitcoin, her focus on protecting consumers and investors signals the administration’s openness to crypto developments.
As Trump takes office again, it’s clear that cryptocurrency will remain a key part of his economic policies.
