Is it clickbait? No.

If there are traditional finance PMs or institutions, they might understand this layer of meaning instantly.

Although the state does not actively purchase, the clever PM is already designing products.

It's very simple, the state cannot buy, but is it legal for enterprises to buy? Yes, it's legal.

Trump has always been one to follow through on his words, regarding which way he chooses to do so. In fact, I experienced this when I was a traditional finance PM in 2018.

Trump has definitely played traditional finance poorly. Suppose he operates with the mindset of treating Bitcoin as a gold asset. The purpose is clear. Press all the world's Bitcoin in the U.S.; if the U.S. helps you store it, isn't that one direction? Don't forget that global mining machine companies are concentrated in the U.S. So, if companies pledge to the treasury, is the state buying? No need to buy. The state lends you money to buy. Then, pledge it here, and I can issue bonds and print money. Wouldn't that be very high-risk? Currently, yes. It depends on whether the appreciation and stability can cover it. So it's a risky move. Trump values DeFi for a reason.

Next, we must solve the debt crisis. First, increase revenue, then cut expenditures. Tariffs may seem to raise domestic inflation, but on the other hand, do American companies need to repatriate? Because when tariffs add costs that are just as high as domestic production in the U.S., Trump's simple idea is to keep American companies in America. As for cutting expenditures, Musk is already doing it, and everyone should have seen that.

The most extreme situation would be to actively devalue the dollar, raising inflation or even creating hyperinflation. It's a risky move; if he doesn't solve the debt problem through war, he can only lower the debt interest to the minimum. Focus on domestic demand, technology, and energy to lead the internal cycle.

There will definitely be growing pains, but as for the outcome, we will wait and see. This is my small idea, and I hope it helps everyone.