- Recent theory reveals the US government will offset its debt using gold.
- This capital is then expected to rotate into Bitcoin and other crypto assets.
- Is this Trump’s final move to erase the US national debt?
The sudden continued fall in crypto prices has brought a wave of concern for not just the crypto market, but for all financial markets. At the moment, a recent theory reveals the US government will offset its debt using gold before buying Bitcoin. This latest tidbit of information seems to have reached many financial experts across multiple online platforms. Could this be a checkmate move from Trump?
Recent Theory Reveals the US Government Will Offset its Debt Using Gold
Recently, financial experts across multiple platforms have been talking about a rumour that focuses on Trump’s latest plan to offset the US’s overwhelming debt. It is no secret that Trump tried very much to get Jerome Powell, Fed Chair, to announce a rate cut much earlier on. In fact, he heavily suggested a 3-point rate cut to be announced months ago. However, the Fed only announced a minor rate cut last month.
This, to Trump’s profound frustration, was not going to help cut the US debt by much. In the President’s eyes, Powell made the announcement too late. Thus, a new plan was needed to offset the US debt and Trump and his team have been working hard to realize all their promises whilst also keeping true to reducing the country’s national debt. Many figured crypto would be the answer, but the strategy seems to be a lot deeper than that.
The Capital Will Then Be Rotated Into Crypto
According to a few financial experts, a rumor has been going around that has to do with this new solution. To elaborate, the solution seems to have to do with using gold and silver to offset the US debt. Some experts believe this to be a good plan, allow gold and silver prices to drive up and use the increased value to offset the debt. Once clear, these funds are expected to be rotated into crypto assets starting with Bitcoin.
As we can see from the post above, this figure believes Trump has gone a step further broadcasting that the Federal Reserve was secretly replaced by Trump. This is unlikely, but the rest of his statement adds to the previous narrative of offsetting the debt using gold. Presently, gold prices have hit unbelievably high ATH prices and show signs of continuing to climb much higher.
The post then goes on to state that once the gold reserve offsets the debt, then the capital will be used to buy promising crypto assets like Bitcoin, Ethereum, Litecoin, XRP, and stablecoins. This, eventually, will bring stability to crypto and fulfil Trump’s promise of filling the strategic crypto reserve with promising assets and cement America’s ambition of becoming a leading global crypto hub.
