The North American Blockchain Summit 2024 critically assessed the coexistence of the US national debt and Bitcoin. The discussions shed light on both the potential and limitations of using cryptocurrencies as a solution to financial issues.
Avik Roy, president of the Foundation for Research on Equal Opportunity, highlighted that Senator Lummis's proposal to use Bitcoin reserves to counteract the $35 trillion federal debt is seen as insufficient by experts.
The experts emphasized that relying solely on Bitcoin for such a significant economic challenge neglects other crucial financial elements necessary for comprehensive debt reduction strategies.
