US Senator: Is BTC the Only Way for the US to Escape the $36 Trillion Debt Spiral?

BTC, or Bitcoin, although a digital currency, is not the only way for the US to escape the $36 trillion debt spiral, nor is it the primary or feasible method. The reasons are as follows:

Nature and Characteristics of Bitcoin: Bitcoin is a decentralized virtual currency with extreme value volatility, lacking intrinsic value support and stability. Its total supply is limited to 21 million coins, which cannot meet the repayment needs of the US's enormous debt. Additionally, Bitcoin transactions have a certain level of anonymity and regulatory challenges, making it difficult for the government to effectively control and utilize them to solve debt issues.

Scale and Complexity of US Debt: The US's $36 trillion debt is an extraordinarily large figure, involving numerous domestic and foreign creditors, various types of bonds, and a complex financial system. Solving such immense debt issues requires a comprehensive consideration of multiple factors, such as economic growth, adjustments in fiscal policy, tax reforms, and spending cuts, and cannot rely on any single asset or method.

Diversity of Financial Systems and Policies: The US has a complex financial system and various policy tools to address economic and debt issues. The government can influence economic growth and debt financing costs by adjusting monetary policy, such as interest rate adjustments and quantitative easing. Simultaneously, in terms of fiscal policy, measures such as increasing taxes, reducing government spending, and issuing new debt can also be taken to alleviate debt pressure. Additionally, debt issues can be addressed through negotiations with creditors and debt restructuring.

For the US to escape the debt spiral, a comprehensive application of various economic and financial means is needed, gradually achieved through long-term economic structural adjustments and policy optimization, while the role that Bitcoin can play in this process is very limited and cannot become the sole or primary way to solve the US debt problem.