đ§ 1. The U.S. Debt Reality
The U.S. national debt is indeed around $34â37 trillion, and itâs a major concern.
However, no president can simply âeraseâ it, because it represents money already borrowed through Treasury bonds â held by governments, banks, and individuals worldwide.
Defaulting or erasing it would collapse trust in the U.S. dollar and the U.S. Treasury â effectively destroying the U.S. economy itself.
đŁ 2. The âCrash Global Economy via BTCâ Idea
This theory appears to be based on conspiracy-style interpretations from crypto circles.
Hereâs why it doesnât make sense economically:
Bitcoin is decentralized â no government, even the U.S., controls it.
âCrashingâ the global economy with BTC would mean hyperinflating or destroying fiat systems â which would also devastate the U.S. economy and government operations.
Even if Trump supports Bitcoin (and heâs sent mixed signals), the U.S. debt system and BTC are not interchangeable.
đŹ 3. What Trump has said about Bitcoin
In 2021, Trump called Bitcoin a âscam against the dollar.â
In 2024â2025, his tone softened: he hinted at making the U.S. a leader in crypto mining and innovation, but not at replacing the dollar or erasing debt with Bitcoin.
His teamâs strategy focuses on reshaping the financial system, not detonating it.
đ§© 4. The Origin of the Rumor
This rumor likely comes from social media posts and âdeep financeâ Telegram/TikTok accounts claiming:
> âTrumpâs secret plan: destroy fiat â reset â Bitcoin standard â U.S. debt wiped out.â
Itâs sensational but has no basis in U.S. fiscal or monetary policy.
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â Reality Check:
Trump may restructure parts of the economy â possibly pushing for:
A return to partial gold or asset-backed currency, or
Stronger crypto-friendly regulation to attract innovation.
But âerasing $34T through Bitcoinâ is economically impossible without destroying the entire global and U.S. financial system â which no rational government would do.

