Donald Trump made a bold statement that the U.S. national debt, exceeding $35 trillion, could be settled using cryptocurrency.
This was shared in a Telegram post by economist and financial analyst Alexey Kusch. He pointed out that former President Donald Trump "let slip" his plan, which could have a significant impact on the economic situation in the U.S.
According to Kusch, Trump does not imply a digital dollar, as this tool is part of the overall money supply; instead, he refers to actual cryptocurrencies. He explained that there are about 19 million bitcoins in circulation, and to settle $15 trillion of national debt, the price of bitcoin would need to rise to $700,000 to $800,000 per coin. For complete settlement, bitcoin would have to be valued at around $1.5 million.
Interestingly, these calculations cast doubt on the feasibility of such plans; however, Kusch believes it is possible. He reminded about the well-known investors, the Winklevoss twins, who invested in bitcoin when its price was low and now plan to sell their assets when the price reaches one million dollars.
Kusch also noted that some financial institutions, particularly "BlackRock," have already started actively investing in cryptocurrencies, and discussions have begun in the U.S. Congress regarding the idea of forming part of national reserves in cryptocurrency. This indicates that authorities are seriously considering the possibility of integrating crypto into the official economy.
However, the question remains: is it possible to implement such financial maneuvers within the framework of international law? Kusch is confident that it is feasible, as countries already have experience using alternative currencies for transactions. The proposal to create a new cryptocurrency, for instance, named "Pax Americana," for debt settlement could also be a viable solution.
As reported by Politeka,