VePosts: 19 · Reputation: 206
So is Trump really thinking about using crypto to bring down the U.S. dollar and clear out the national debt? Is that why he's urging other countries to start accepting cryptocurrencies too?
TPosts: 53 · Reputation: 18
This has been a rumour for some time now and so called prominent YouTubers are fueling this rumour. But it's likely a hoax and there had been some analysis why it won't work. Even if it does, such level of fraud would tarnish the image of US and people would no longer have trust in USD or USD pegged bonds.
The thing that's true is Trump wants US to be the leader in crypto and has initiated different executive orders to hold more crypto or stablecoins. It also has increase regulations on crypto.