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.
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.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.