FX.co ★ Trump wants to solve federal debt issue by means of Bitcoin

Not only crypto fans anticipate the steady bullish trend. Ex-US President Donald Trump makes ambitious bets on crypto assets as efficient instruments at the federal level. He believes that the domestic economy will greatly benefit from Bitcoin’s broader use.

According to cryptocurrency consultant David Bailey, working on the billionaire's campaign team, Trump recently inquired about how Bitcoin could tackle the US national debt problem.

During the conversation, Bailey proposed several ideas. However, he emphasized that this is a complex issue that requires a sophisticated approach.

Remarkably, cryptocurrencies are high on the agenda of Republican nominee Donald Trump. In his campaign, Trump is trying to convince those who prefer digital currencies to vote for him.

If he wins the presidential elections in November 2024, the billionaire has pledged to support the initiative of storing cryptocurrencies in personal wallets. Interestingly, Trump is an opponent of the digital dollar.

Another major issue highlighted by the former US president is the swelling national debt of the country. Donald Trump pointed out that it has become a heavy burden on the American economy. Meanwhile, the authorities have not proposed any efficient measures to reduce the national debt. According to experts, Trump will attempt to address this issue with the help of Bitcoin if he is elected US president.