In the whole strategic reserve, and now bitbond discussion, there seems to be some kind of implicit "have your cake and eat it too" idea with regards to being able to pay off the debt with bitcoin...

I can't quite articulate why, but I can't help but feel like there's some flaw in this argument. Like Baron Muchausen pulling himself out of the swamp by lifting his own bootstraps...

So I guess what we're betting on here is that the (dollar-denominated) value of bitcoin will rise faster than inflation, and then we can pay off the debt with that? Should we expect that to even take place?