Elon Musk Warns US is Headed Towards Bankruptcy : Can Trump’s Bitcoin Reserve Plan Fix It?

Quick Summary:

Bitcoin is at present running towards $100K the dire situation of the US economy can be worrisome.

Even if Trump bought more Bitcoin, it would likely disrupt the market and drive prices too high.

Warren Buffet supported this idea, saying it could help solve the problem fast by motivating Congress to manage the nation’s finances more responsibly.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: Crypto Regulations Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 08:26:39 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 404 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23776751

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 21 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #112

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