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RE: Trump to Pay U.S Debt Off with Bitcoin

in LeoFinance7 months ago

for every $175,000,000

In a scenario where BTC becomes strategic reserve and 'Has no top because fiat has no bottom' it may become appealing to offer 1 BTC to cover an owing several times the value due to the fact we may reach such a supply squeeze it would be impossible without moving the market upwards by 10s thousands for a single btc purchase and with mass adoption the price would only continually move upwards. But yes,as it stands the math doesn't stack. U.S debt is now climbing at a rate of 1 trillion every 100 days. For this method to have worked, the US should have been consistently buying BTC....Back in like 2011...

When the penny drops, everyone is going to realise that the fiat system has ultimately failed and is non recoverable through conventional recovery practises. Backed by only the air we breath and the horse has already bolted for any traditional recovery. Then they'll all come to BTC when the realise fixed supply is the only way to defeat the practices that have caused us all infinite debt.