I smell something fishy in this approach because they will not have the same effect as the US buying Bitcoin directly, and I think Trump seems to be evading doing that. This is just my thinking.... instead of lending money to people and asking them to pay back in Bitcoin, why not buy the Bitcoin directly? How long will the money stay before they pay back, one year, two, or even ten years? Will Trump be in office when that money will be paid back? Something is definitely not clear with this statement.
It's not a totally whack idea from where Trump sits POV. You lend people dollars and they pay back in Bitcoin. Fine. But they now have dollars which they have to spend which eventually pretty much have to end up buying stuff from the US anyway. So win-win for the US and may be a way to extend dollar hegemony beyond the ever-shaky looking petro-dollar. Now, whether it would fly is another question...
it could go like this:
1)
country borrows 2bn$ from the US
2)
buys BTC for 1bn$ and spends 1bn$
3)
BTC makes more than a 2x after 4 years.
4)
country pays back the BTC that they bought 4 years earlier (now at least worth: 2bn$ + interest for the loan)
5)
US puts BTC into their reserve
For the borrowing country it can be a Saylor move on the nation state level, or.. they just get 1bln$ for free to spend
For the US:
- keeping the influence they always had from lending out USD (contracts for US firms etc)
- pushing the usage of USD
- accumulating BTC for the economy of the future
looks actually quite genius ... at least from my retard brain
