In this news content, Michael Saylor announces that his upcoming keynote will present a theoretical strategy to pay off the U.S. national debt using bitcoin. The plan would involve converting a portion of the U.S. Treasury's reserves into bitcoin, potentially through a federal bitcoin mining initiative. The government would hold these bitcoin reserves long-term, and if bitcoin's price reached $5 million per coin, it could potentially cover the debt. The Treasury could monetize the holdings through a phased sell-off or by issuing BTC-backed bonds. However, the feasibility of this plan relies on sustained bitcoin demand, regulatory frameworks, and a long timeline to mitigate volatility. Critics argue that the projections are speculative, but proponents highlight bitcoin's finite supply and historical returns. The announcement highlights the growing influence of bitcoin in discussions on sovereign economics, although the question of whether lawmakers would take such a risk remains divisive.
Content Editor ( news.bitcoin.com )
- 2025-02-27
The Bitcoin Blueprint: A Theoretical Path to Carving Away at America’s $36 Trillion Deficit
