Trump: We will erase 35 trillion dollars of debt with Bitcoin

US presidential candidate Donald Trump has suggested using Bitcoin to pay off the US's $35 trillion national debt and prevent recession.

The debt crisis is growing in the US. The steps taken by the Fed as part of its tightening policy backfired in the US. Recession concerns have wiped out market appetite.

The US adds $1 trillion to its national debt every 100 days. The current national debt of the government is at $35 trillion.

US presidential candidate Trump mentioned Bitcoin in an interview with Maria Bartiromo from Fox News. Trump made significant remarks.

Trump's Bitcoin support is growing day by day

US presidential candidate Donald Trump will compete with Democratic candidate Kamala Harris in the US elections in November.

Trump's chances of winning the election are keeping the cryptocurrency market alive. Trump often gives supportive messages about Bitcoin. The presidential candidate's statement that he would make Bitcoin a strategic reserve had a huge impact.

The US presidential candidate made noteworthy remarks in the interview he conducted the day before yesterday. Trump touched on the current national debt of the US.

The presidential candidate said, "Who knows, maybe we will pay off our 35 trillion dollars [national debt] and give them a small crypto check, right? We will give them a little Bitcoin and erase our 35 trillion dollars."

It is believed that Trump supports Bitcoin with the aim of absorbing inflation in the US dollar and creating a strong currency.

The US prefers to print more money to eliminate unpaid debts. National debt continues to increase day by day and puts pressure on the Fed.

Bitcoin can solve the US national debt problem due to its limited supply and adherence to the definition of digital gold. US Senator Cynthia Lummis recently stated that the government should regularly buy BTC. Lummis has introduced a bill to create a strategic BTC reserve in the US.

This article does not contain investment advice or recommendation. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.