"Trump's suggestion that could drive up the price of bitcoin".
"The debt ceiling should be completely eliminated," says the President of the United States.
If this proposal were to be implemented, it would be bullish for the price of bitcoin.
If the debt ceiling disappears, the incentives to buy bitcoin increase.
In a world with governments having no limits on spending, bitcoin becomes more relevant than ever.
President Donald Trump publicly declared his support for a measure that has traditionally been rejected by many conservative sectors in the United States: the complete elimination of the debt ceiling.
In the President's words, "the debt ceiling should be completely eliminated to avoid an economic disaster." Although he said it as a gesture of agreement with Democratic Senator Elizabeth Warren, his words could have much deeper repercussions than they seem. And at the center of that impact is bitcoin.
