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News Explorer — Bitcoin Could Get the U.S. Out of Debt, Donald Trump Says

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Aug 2, 8:10 pm
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Bitcoin Could Get the U.S. Out of Debt, Donald Trump Says

Donald Trump expressed his support for Bitcoin during an interview, suggesting that the leading digital asset could be used to pay off the $35 trillion U.S. debt. However, the current market cap of Bitcoin is only $1.2 trillion, making it unlikely to cover the entire debt. Trump's comments align with a bill proposed by Sen. Cynthia Lummis, which aims to establish a strategic Bitcoin reserve and allow the U.S. Treasury to acquire 1 million BTC over five years.

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