Chairman of Nonprofit Think Tank: Bitcoin Strategic Reserve Plan Cannot Solve the U.S. Debt Crisis

ChainCatcher news, according to Cointelegraph, at the 2024 North American Blockchain Summit held in Dallas, Texas, the chairman of the nonprofit think tank (Avik Roy) stated on stage: "When Wyoming Senator Cynthia Lummis talks about how a Bitcoin strategic reserve plan could help us eliminate federal debt, it is an overstatement of what Bitcoin can actually do.

If the U.S. were to purchase a 'massive' amount of Bitcoin and appreciate its value, it might help, but it does not address the $35.46 trillion debt issue that has been growing almost exponentially since the 1980s."