Wasup folks, I recently read that the US national debt has reached $35 trillion, and it got me thinking about potential solutions to manage or reduce this massive debt. One idea that’s been floating around is whether Bitcoin could play a role in addressing this issue.
Even with considerable reserve assets, if spending habits are not properly managed, the usefulness of these assets will be harmed, resulting in continued financial difficulties and likely setbacks.
While backing the dollar with Bitcoin could impose stronger economic and financial control on the United States government, the greatest advantage is that individuals would obtain a means of protecting themselves from inflation induced by excessive government expenditure.
No, they simply print more currency. Issue resolved