In an interview with Fox Business yesterday, former US President Trump praised the cryptocurrency industry and reiterated his position that if the United States does not innovate in digital assets, other countries will surpass the United States. Trump also hinted that Bitcoin could play a role in solving the problem of the US $35 trillion national debt.
Former US President and Republican nominee Trump has publicly supported cryptocurrencies several times, and promised in his speech at the Bitcoin 2024 conference held last weekend: "If I am elected president, I will include Bitcoin in the US strategic reserves and never sell it." As soon as the news came out, many cryptocurrency investors were excited.
Trump suggests using Bitcoin to pay off $35 trillion in national debt
Just yesterday, in an interview with Fox Business, Trump praised the cryptocurrency industry and reiterated his position that if the United States does not innovate in digital assets, other countries will surpass the United States. Trump also hinted that Bitcoin could play a role in solving the U.S. national debt problem:
Who knows, maybe we'll pay off our $35 trillion national debt with crypto, give them a crypto check, right? We'll give them some Bitcoin and wipe out our $35 trillion debt.
Although Trump's remarks seem to be about using the Bitcoin held by the United States to repay debts, it can be seen from the words that he suggested using "Bitcoin to repay debts" rather than "selling Bitcoin to repay debts", which means that Trump recognizes the value of Bitcoin.
In addition, Trump also ridiculed the current President Biden in the interview, saying that Biden tried to stop the development of cryptocurrency, but he did not have enough wisdom:
Can you imagine this person telling you to shut down something like this (cryptocurrency)? He doesn't know what the hell it is. But if we don't accept it, someone else will.
Trump also added that embracing cryptocurrencies would benefit the country:
It's already prominent. It's growing. It's very lightly regulated. That's one of the reasons it's growing. But it's a different form of money that will ultimately benefit the country.
Trump and Harris' first debate
On the other hand, Trump posted on the social platform Truth Social at noon today that he has reached an agreement with Fox News and will debate with Vice President and Democratic candidate Kamala Harris on September 4:
I have reached an agreement with Fox News to debate Kamala Harris on Wednesday, September 4th. Previously the debate was scheduled to be on ABC against Sleepy Joe Biden, but since Biden will not be participating and I am in litigation against the ABC network and George Slopadopoulos, it creates a conflict of interest.
The Fox News debate will take place at a yet-to-be-determined location within the greater commonwealth of Pennsylvania. The debate hosts will be Bret Baier and Martha MacCallum, and the rules will be similar to those of my debate with Sleepy Joe, but this time there will be a full audience.
In addition, the article also mentioned that if Harris was "unwilling or unable" to attend on that day, he would hold a citizens' assembly on the Internet, but this paragraph has been modified and deleted.
