The cryptocurrency plummeted amid global market turmoil after the former president suggested it could be used to pay off U.S. national debt.
Bitcoin prices plummeted after former President Donald Trump suggested that the cryptocurrency could be used to pay off the country's $35 trillion national debt.The cryptocurrency market has plunged in recent days amid global uncertainty that has led to investors selling out of risky assets. Monday's global turmoil across stock markets came amid fears of a possible U.S. recession.
the 'crypto capital of the planet' if he is elected for a second term.He also spoke about the U.S. creating a 'strategic national bitcoin reserve.' This is an idea currently being championed by Republican Senator Cynthia Lummis, and one that has long been hoped for among the cryptocurrency community.'I am announcing that if I am elected, it will be the policy of my administration, United States of America, to keep 100 percent of all the bitcoin the U.S.
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