Trump's Bold Plan To Use Bitcoin To 'Wipe Out' $35T US Debt Questioned By Economist Justin Wolfers: 'That's Not How Crypto Works'
Portfolio Pulse from Aniket Verma
Economist Justin Wolfers criticized former President Donald Trump's plan to use Bitcoin to pay off the U.S.'s $35 trillion debt, stating that it shows a misunderstanding of debt, cryptocurrency, and economics. Other experts, including Nobel laureate Paul Krugman and Georgetown's James Angel, also disapproved of the proposal.
August 05, 2024 | 4:05 am
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Bitcoin was mentioned in the context of a controversial proposal by Donald Trump to use it to pay off the U.S.'s $35 trillion debt. Economists and experts have criticized the plan, which could lead to increased volatility in Bitcoin's price.
The proposal to use Bitcoin to pay off U.S. debt has been widely criticized by economists, which could lead to negative sentiment and increased volatility in Bitcoin's price.
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