Andrew Hohns: Why Bitcoin Can Fix America's Debt Spiral
U.S. federal debt has grown 40x in 45 years, from $1 trillion in 1981 to over $40 trillion. Andrew Hohns, founder and CEO of Battery Finance, explains why he doesn't expect tax hikes or spending cuts to fix it, and how a strategic Bitcoin reserve could help defease the national debt. He also makes the case for the…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinNational debt
The total amount a government owes to lenders, built up from past budget deficits.
High debt means more tax money goes to interest payments instead of services.
More about National debtMore in Finance
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