#Experts say Trump is going to erase 34 trillion $ Debt of america by crashing global economy by BTC
The claim that Trump plans to erase $34 trillion in US debt by crashing the global economy using Bitcoin (BTC) is likely an interpretation of comments made by Anton Kobyakov, a senior adviser to Russian President Vladimir Putin. Kobyakov accused the US of plotting to "rewrite the rules" of global finance by using stablecoins, cryptocurrencies and gold to quietly shrink its $35 trillion debt.
*Key Points:*
- *The GENIUS Act*: This federal crypto law binds stablecoins to US Treasuries, potentially extending dollar dominance and cutting borrowing costs without printing more money.
- *Stablecoin Mechanism*: Every dollar of stablecoins minted equals a dollar of US government debt being purchased, making US debt easier to sustain.
- *Potential Consequences*: This strategy could reshape global markets, unsettle rivals and redefine the value of money in the digital age ¹ ².
Some experts see this as a clever way to manage debt, while others view it as a debt manipulation scheme disguised as innovation. The impact on the global economy and the role of cryptocurrencies in debt management are subjects of ongoing debate.