Student Loan Forgiveness Makes The Case For Bitcoin
Biden’s student loan forgiveness plan demonstrates the need for sovereign financial rails like Bitcoin.This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, Q is joined by Jimmy Song, author of several Bitcoin books, to discuss the problems with President Biden's student loan forgiveness plan.Watch This Episode On YouTube or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynQ: Given the recent news and the announcement of the federal student loan program and Biden's plans [to forgive student loans], I wanna unpack it a little....
Related News
Federal student loan forgiveness is immoral and fueled by the broken monetary system. Bitcoin would force higher education to improve.
College education is expensive, whether you’re going for your bachelor’s degree or your master’s degree. And these days, American students are more burdened by student loan debt than ever before. While there are more affordable options, such as online schools that offer a wide array of programs, from an online MBA to an online homeland security program, taking out loans to pay for higher education has put young adults in debt before they even have a chance to start working. A Look at Some Numbers. To really understand just how burdened American students are with debt, you need to look at....
Dennis Porter said that the government should give $10,000 worth of Bitcoin to debtors and lock it for 10 years. Following United States President Joe Biden's announcement of a student loan forgiveness plan that aims to cancel the debt of up to $20,000 for millions of Americans, a Bitcoin (BTC) supporter proposed an alternative method to pay off the loans. Dennis Porter, the CEO of the non-profit organization called Satoshi Action Fund, tweeted that there's another way for the U.S. government to solve the student loan issue. According to Porter, Biden could give each debtor some BTC worth....
How will the President’s student loan debt relief program impact Bitcoin? It boils down to demographics.
In the latest hint that Wall Street is pushing farther into crypto, Goldman Sachs has offered its first bitcoin-backed loan. Goldman Sachs Makes History In order to aid to the institutional adoption of cryptocurrencies, Goldman Sachs has granted its first ever Bitcoin-backed loan. According to Bloomberg, the unnamed borrower received cash from the US-based investment […]