Can Bitcoin save U.S. from its rising national debt?

[Eclipse26]

Is it that people do not understand what Bitcoin is or they don't have adequate knowledge of the use and purpose of Bitcoin?  First and foremost, I'm very surprise to see this post asking whether Bitcoin can save the rising national debt of U.S. Bitcoin is just a digital currency. People should stop making this assumptions that Bitcoin is some kinda financial commodity that solves all financial problems and crisis. Bitcoin is just digital money.

I'm totally on your side. Bitcoin isn't made for the purpose of paying the national debt. Bitcoin is decentralized to give us an option if we want to avoid third parties and the government. To think that the biggest centralized power in a country will use a decentralized one to pay their debts. And even if bitcoin has the capability of saving a country for its increasing debt, will the government of U.S. use bitcoin for their debt?

[Bim abk]

to be honest I am not entirely sure that bitcoin can help the growth of the country, because in bitcoin they also cannot regulate it and if it concerns the country's debt then what can help it is tax revenue. but with bitcoin maybe not, because bitcoin is decentralized and we also can't expect to always benefit from bitcoin

[shield132]

They have very bad politics, rising national debt, rising pocket of people in government and this happens for the cost of people's wages. In overall, we work and give some percent of our money to people in government, they use our money wrongly and in overall we work to get our situation worse cause we let them do what they wish.
Not directly bitcoin but cryptocurrencies can be a solution for fixing this situation. What we need to get rid of such situations is to have currency with fixed supply like bitcoin and also with blockchain to know where and how is spent money from government but of course they won't do it, prefer to hide their transactions.

[alexsandria]

Now I have a question to all of you here. Do you honestly think that only Bitcoin can fix this “ticking time bomb” in the United States?

I would like to hear out your reactions or opinion about this one guys. Happy Sunday everyone!

It could have a signifcant role but I don't think it would be enough at such time. Besides such on going debt isn't look like a normal one, though we can earn million dollars here that doesn't mean it can fit to a much more vital concern. And the US government are working with their debt much more complicated than just replacing bitcoin as a payment for their own debt. It just doesn't work that way, and I bet that the US government doesn't get bothered to even think about it as a solution.

[Artemis3]

No state can repay its debt by selling its bitcoin assets. That sounds funny to me. Bitcoin is already a danger to the states. In addition, if a state has too many bitcoins, the value of the bitcoin is likely to fall.

Nope, there is no correlation. A State can do the same things any other whale: It can hold unto them thus reducing circulation and increasing price, burn them (lose the wallet keys) provoking the same, or sell/auction them which could temporarily cause a cheaper price giving opportunity to some to buy cheap and then price goes back to its natural place.

This is no fiat. Even is the State tries buying bitcoin, it can only increase its price until they run out of money. So this will never happen. And if they sell them, they will eventually run out of them and put it in private hands who could keep/lose/sell them the same.

Suppose the US gov acquires lots of Bitcoin, either by buy or confiscation. You seem to believe this would somehow impact bitcoin's price negatively, when it might actually do the opposite or nothing at all.

Just because a gov gets bitcoin it doesn't affect the value for everybody else. EVEN if this gov is hostile to it (ie. China).