He does not seem aware its Bitcoin .. but to this point. I'm not sure how this reduces any debt. Unless .. the USGov't sells all their gold and basically sends in tanks to blow the Federal Reserve Banks to smithereens.
The the amount of US dollars can be declared FIXED. Based on the amount of Bitcoin held in reserve. Bitcoin could then be declared LEGAL TENDER ... and that would be it.
It's just a sly way to debase your currency without having to actively default on the debt. Very similar to the one trillion dollar coin idea except it's Bitcoin and is actual money which is already used by millions.
Devalue dollars, buy Bitcoin, Bitcoin goes up, pay off dollar denominated debts. Their proposal estimated it would be worth 16T in 20 years lmao.
therefore we must continue to stack at all price points.
Yeah I don’t know how it reduced debt… even if bitcoin were to demonetize a large portion of world’s investable assets, at most us govt would have around 11 trillion worth of bitcoin. You’d need to somehow sell off that huge amount to pay down less than a third of all debt? Makes no sense.
