Solving the US National Debt Problem: The BITCOIN Act of 2024

Under the proposed Bitcoin Act of 2024, the US Treasury would buy 1 million BTC over five years, aiming to harness Bitcoin’s potential for long-term growth. If BTC grows at 25% per year, projections show that the US could pay off 44% of its national debt by 2050.

The plan calls for purchasing 200,000 BTC annually for five years. President Trump has raised the possibility of using cryptocurrencies, including Bitcoin, to pay off the debt, sparking debate about the wisdom of such strategies.