"Maybe we'll pay off our $35 trillion dollars, hand them a little crypto check, right? 08/04 update: An investment giant has warned the U.S. national debt could spiral higher in coming years due to higher debt payments and the possibility of a U.S. recession. Trump declared support for crypto in late May and began accepting campaign donations in bitcoin and a handful of other cryptocurrencies. You know, it's a massive thing already ... and if we don't embrace it, other countries are going to embrace it. Trump's radical bitcoin plan comes after Tesla billionaire Elon Musk warned the U.S. dollar is heading for "destruction" and the spiraling $35 trillion debt pile could "bankrupt" the U.S.—something some analysts think could push the bitcoin price higher.

Source: Forbes August 05, 2024 06:35 UTC