Recently, Trump made a striking statement suggesting the use of crypto assets to alleviate the United States' rising national debt issue. This viewpoint quickly sparked enthusiastic discussions worldwide about the role that digital assets, particularly Bitcoin, could play in addressing the U.S. debt crisis.
Currently, the scale of U.S. national debt has surpassed the 38 trillion dollar mark. Such a massive debt figure makes Trump's remarks particularly noteworthy. Trump has repeatedly stated in public that he might consider using Crypto Assets to repay the U.S. debt. Although this is merely a preliminary idea and has not yet formed into a concrete policy, it reflects the thoughts of some who hope to use Bitcoin and other Crypto Assets to address the issue of America's enormous national debt.
However, to use Bitcoin as a tool for settling US debt, its price would need to reach a staggering height. Based on the current circulation of approximately 19.93 million Bitcoins, the price per Bitcoin would need to be close to 1.9 million USD to fully cover the 38 trillion USD in US debt. Even more surprisingly, if we only consider the 326,400 Bitcoins actually held by the US government, the price per Bitcoin would need to skyrocket to about 116.5 million USD. This figure far exceeds the current actual price of Bitcoin, which is about 110,000 USD, by more than 1000 times, highlighting the huge gap between reality and the assumption.
If the price of Bitcoin really reaches such astronomical numbers, it will trigger a series of unpredictable ripple effects. At that time, the total market value of Bitcoin will reach approximately $230 trillion, even surpassing today's global GDP. Any attempt to sell Bitcoin at such a price could lead to its already fragile liquidity collapsing instantly, subsequently causing a crash of this major crypto asset and plunging the market into chaos.
Although Bitcoin reaching a price of $116.5 million may currently seem like a fantasy, the recent obvious accumulation of Bitcoin in the market indicates that some institutional investors may believe that this digital asset still has tremendous rise potential. As institutions gradually become important participants in the market, their behavior often reflects certain market trends and expectations, which also makes the future price trend of Bitcoin even more elusive.
Regardless, Trump's remarks undoubtedly bring a new dimension to the potential role of Bitcoin in the global economy, and provide us with a unique perspective to examine the relationship between digital assets and traditional financial systems.
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Recently, Trump made a striking statement suggesting the use of crypto assets to alleviate the United States' rising national debt issue. This viewpoint quickly sparked enthusiastic discussions worldwide about the role that digital assets, particularly Bitcoin, could play in addressing the U.S. debt crisis.
Currently, the scale of U.S. national debt has surpassed the 38 trillion dollar mark. Such a massive debt figure makes Trump's remarks particularly noteworthy. Trump has repeatedly stated in public that he might consider using Crypto Assets to repay the U.S. debt. Although this is merely a preliminary idea and has not yet formed into a concrete policy, it reflects the thoughts of some who hope to use Bitcoin and other Crypto Assets to address the issue of America's enormous national debt.
However, to use Bitcoin as a tool for settling US debt, its price would need to reach a staggering height. Based on the current circulation of approximately 19.93 million Bitcoins, the price per Bitcoin would need to be close to 1.9 million USD to fully cover the 38 trillion USD in US debt. Even more surprisingly, if we only consider the 326,400 Bitcoins actually held by the US government, the price per Bitcoin would need to skyrocket to about 116.5 million USD. This figure far exceeds the current actual price of Bitcoin, which is about 110,000 USD, by more than 1000 times, highlighting the huge gap between reality and the assumption.
If the price of Bitcoin really reaches such astronomical numbers, it will trigger a series of unpredictable ripple effects. At that time, the total market value of Bitcoin will reach approximately $230 trillion, even surpassing today's global GDP. Any attempt to sell Bitcoin at such a price could lead to its already fragile liquidity collapsing instantly, subsequently causing a crash of this major crypto asset and plunging the market into chaos.
Although Bitcoin reaching a price of $116.5 million may currently seem like a fantasy, the recent obvious accumulation of Bitcoin in the market indicates that some institutional investors may believe that this digital asset still has tremendous rise potential. As institutions gradually become important participants in the market, their behavior often reflects certain market trends and expectations, which also makes the future price trend of Bitcoin even more elusive.
Regardless, Trump's remarks undoubtedly bring a new dimension to the potential role of Bitcoin in the global economy, and provide us with a unique perspective to examine the relationship between digital assets and traditional financial systems.