Original link: ‘Vicious Spiral’ Alert Issued After Donald Trump Proposed A ‘Massive,’ Radical Plan To Pay Off $35 Trillion Of U.S. National Debt / Forbes.
The quote is:
"Crypto is a very interesting thing," Trump told Fox Business. "Maybe we'll pay off our $35 trillion dollars, hand them a little crypto check, right? We'll hand them a little bitcoin and wipe out our $35 trillion.".
I don't understand what he means.
Bitcoin does not fall down from the sky. Getting 35 T$ of Bitcoin would require having to pay 35 T$ for them. So how will paying in Bitcoin reduce debt??
Furthermore the current total market cap of Bitcoin is only around 1 T$.