"We can pay off the national debt," he said at the Conservative Political Action Conference (CPAC) held in Washington, DC on the 21st (local time), according to Cointelegraph.
), he stressed that the United States must hold a strategic Bitcoin reserve and said that if only one country were to buy 20% of the Bitcoin network, it should be the United States.
"The U.S. could easily own 20% of the Bitcoin network," he said in an interview, "and the dollar would get stronger and countries would get much wealthier."
And its true value is that if you hold 4 to 6 million BTC of Bitcoin, you can repay the national debt."
"In a scenario where Saudi Arabia, Russia, China or Europe buy Bitcoin first,
"We must avoid this," he warned. At current prices, the value of about 4 million BTC, equivalent to 20% of the total Bitcoin in circulation, is about 392 billion dollars (about 59 trillion yen).
This is far more valuable than the total value of the U.S. strategic oil reserves of 395 million barrels (approximately $29 billion, or 4.363 trillion yen).
Meanwhile, questions have been raised about the possibility of including other digital assets in the US strategic reserve.
When asked, he declined to comment on other cryptocurrencies except for Bitcoin.
2025/02/21 19:41 KST
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