Trump To Use Bitcoin To Solve US National Debt Problem; Top 5 Cryptos That Could Gain Attention in 2024

Trump Considers Bitcoin for National Debt Solution

In a recent meeting, David Bailey, CEO of Bitcoin Magazine, discussed cryptocurrency with Donald Trump, a US presidential candidate. Trump raised the possibility of using Bitcoin to eliminate the US national debt.

Bailey suggested potential solutions, acknowledging the current national debt of $34.77 trillion. Trump's support for cryptocurrency is significant, as he is the first presidential candidate to accept crypto donations and has pledged support if re-elected.

Impact on Cryptocurrency Industry

Trump's pro-cryptocurrency stance has sparked interest in the sector. Michael Saylor has advocated for Bitcoin as a hedge against inflation, potentially leading to widespread adoption and price increases.

Altcoins to Consider Ahead of Elections

In anticipation of the elections, here are five altcoins to consider:

KangaMoon (KANG)

• Unique Play-to-Earn and Social-Fi model
• Rewards holders with tokens, NFTs, and real-world rewards
• Recently listed on CoinMarketCap and CoinGecko
• Projected to reach $1

Pepe (PEPE)

• Has shown strong upward momentum
• Daily active addresses have increased significantly
• Predicted to rise to $0.00002617

Fantom (FTM)

• Google Cloud's partnership as a validator
• Offers high transaction speeds and scalability
• Potential to attract more developers and DApps

Ethereum (ETH)

• Approval of spot Ethereum ETFs is expected to increase market interest
• Growing number of addresses holding Ethereum
• Price forecasted to reach $8k

Chainlink (LINK)

• Expected to increase by 150-300%
• Has woken from support area and is poised for upward movement

Conclusion

Trump's interest in using Bitcoin for debt reduction highlights his belief in cryptocurrency. With his pro-crypto stance, if re-elected, he could positively impact the industry. These altcoins offer potential opportunities for investors in the lead-up to the elections.