Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Avik Roy, Chairman of the Nonprofit Think Tank: Bitcoin Strategic Reserve Plan Cannot Solve the US Debt Crisis

Avik Roy, Chairman of the Nonprofit Think Tank: Bitcoin Strategic Reserve Plan Cannot Solve the US Debt Crisis

CointimeCointime2024/11/21 00:33
By:Cointime

at the 2024 North American Blockchain Summit held in Dallas, Texas, Avik Roy, the chairman of a non-profit think tank, said on stage: "When Wyoming Senator Cynthia Lummis talked about how a Bitcoin strategic reserve plan could help us eliminate federal debt, it was an over-hype of what Bitcoin can do. If the US were to purchase a "huge amount" of Bitcoin and make it appreciate, it could be helpful, but it would not solve the problem of the almost exponentially growing $35.46 trillion debt problem since the 1980s."

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: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11