Economist Peter Schiff challenges the notion that Bitcoin can resolve the U.S. national debt, currently around $36 trillion. He argues that even if the U.S. acquired 1 million Bitcoins, valued at over $102 billion, it would require an unrealistic market cap increase of over 20,000% to settle the debt, which he deems improbable. Schiff emphasizes that the national debt continues to grow, making it increasingly difficult for Bitcoin to serve as a solution, and questions its potential for global adoption as a currency.
