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Assembly candidate: New Jersey should mine Bitcoin to pay off its debts

OCTOBER 7, 2021 | by Kevin Ryan | NJ.COM (NEW JERSEY)

From the not necessarily an endorsement department, op-ed by Kevin Ryan, includes “… According to Truth in Accounting, New Jersey has accumulated $189.6 billion (as of September 2020) in debt. Ballpark best guess, we each owe $57,900 — and we have Trenton insiders to thank for this ever-escalating burden. The state’s financial grade is an F and we are going to have to get creative to settle our accounts. … I am proposing New Jersey spends 1% ($448 million) of its annual budget per year buying Bitcoin.”

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