Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin as a Debt Solution? Riot Platform Executive Makes Bold Proposal

Bitcoin as a Debt Solution? Riot Platform Executive Makes Bold Proposal

Cryptodnes2024/08/05 08:30
By:Cryptodnes

In a recent X post, Pierre Rochard, VP of Research at Riot Platform, proposed a plan for the U.S. to address its national debt using Bitcoin reserves.

He suggested that by purchasing Bitcoin and holding it for 20 years, the U.S. could eventually use these reserves to pay off its debt. This idea has generated considerable buzz in the crypto community.

Rochard outlined a three-step strategy: buy Bitcoin, hold it for two decades, and then use it to clear national debt. His proposal has ignited discussions, especially given the current economic concerns about a potential U.S. recession. He believes this approach could offer a solution to the country’s economic issues.

Some skeptics questioned the feasibility, pointing out the unknown future size of the national debt. Rochard responded with confidence, predicting that Bitcoin’s value will exceed the debt in the long run, underscoring his strong belief in Bitcoin’s potential.

READ MORE:
Bitfinex Executive Predicts Bitcoin Price Range for August

Former President Donald Trump also recently suggested that Bitcoin and other cryptocurrencies could help mitigate the national debt. This statement has attracted significant interest from investors.

The U.S. Bitcoin Strategic Reserve bill has been moved to the Senate Banking Committee for further review, a development highlighted by Senator Cynthia Lummis as a significant milestone for the crypto sector.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Kodiak launches Berachain native perpetual contract platform—Kodiak Perps, enhancing its liquidity ecosystem

The native liquidity platform of the Berachain ecosystem, Kodiak, recently launched a new product, Kodiak Perps,...

黑色马里奥2025/11/09 22:14
Kodiak launches Berachain native perpetual contract platform—Kodiak Perps, enhancing its liquidity ecosystem

Mars Morning News | Michael Saylor calls: Buy Bitcoin now

Trump Media & Technology Group’s Q3 losses widened to $54.8 million, and it holds substantial amounts of bitcoin and CRO tokens; US consumer confidence has fallen to a historic low; a whale bought the dip in ZEC and made a profit; a bitcoin whale transferred assets; Michael Saylor called for buying bitcoin; the Federal Reserve may initiate bond purchases. Summary generated by Mars AI. The accuracy and completeness of this content is still being iteratively updated by the Mars AI model.

MarsBit2025/11/09 21:19
Mars Morning News | Michael Saylor calls: Buy Bitcoin now

MEET48: From Star-Making Factory to On-Chain Netflix — How AIUGC and Web3 Are Reshaping the Entertainment Economy

Web3 entertainment is moving from the retreat of the bubble to a moment of restart. Projects represented by MEET48 are reshaping content production and value distribution paradigms through the integration of AI, Web3, and UGC technologies. They are building sustainable token economies, evolving from applications to infrastructure, aiming to become the "Netflix on-chain" and driving large-scale adoption of Web3 entertainment.

深潮2025/11/09 20:09
MEET48: From Star-Making Factory to On-Chain Netflix — How AIUGC and Web3 Are Reshaping the Entertainment Economy