US President Donald Trump recently stated that cryptocurrencies could be used to alleviate the ballooning US national debt, which has recently exceeded $38 trillion. Trump’s statement has triggered a global conversation about the role of digital assets, especially Bitcoin (BTC), in addressing the US’s debt crisis.

Can Bitcoin Be Used To Clear The US’ National Debt?

Speaking at a private conference, Trump said that crypto “has got a great future.” He hinted that maybe the US could pay off the $35 trillion debt in crypto. The president said:

I’ll write on a little piece of paper, $35 trillion in crypto – we have no debt. That’s what I like.

It should be noted that this is not the first time that Trump has alluded to the idea of using digital assets to wipe out the inflating Americ

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