The article discusses the U.S. government's debt limit and the potential use of Bitcoin to address the nation's debt issues. It explains that the U.S. Treasury expects the debt limit to be reached in January 2025, which would require extraordinary measures to avoid default. The article references the 14th Amendment to the U.S. Constitution, which states that the validity of the public debt should not be questioned. Elon Musk and Donald Trump are mentioned as advocates for using Bitcoin to solve the debt problem, with Musk suggesting that the Department of Government Efficiency could cut $2 trillion in spending. Trump has also proposed a U.S. Bitcoin Reserve and Senator Cynthia Lummis has introduced a bill to purchase 1 million bitcoins over five years. The article suggests that the U.S. has the opportunity to become a global superpower by embracing Bitcoin.



Other News from Today