Thawanien anticipates a complete reset of the American financial system.
Currently, the United States debt represents about 120% of its GDP.
The Spanish cryptocurrency specialist Mani Thawanien, who presents himself as a startup mentor and bitcoin (BTC) investor, warned in an
Thawanien begins his hypothesis by pointing out that The plan would begin with a devaluation of the dollar to extreme levelssteep enough for gold to reach $20,000 and bitcoin to surpass $1 million.
According to their narrative, this drop in the value of the US currency would serve to readjust the relative prices of assets and prepare the ground for much more drastic measures.
He then argues that the government could go “bankrupt” and that no nation could do anything, since they do not have the military power to collect. At the same time they would launch a central bank digital currency (CBDC)which would progressively replace cash and the traditional banking system, becoming the backbone of the renewed financial order.
The next step would be to Automatically convert all bank accounts to the new digital system and require the declaration and exchange of cash: those who possess physical money would have a certain period to register it and transform it into the new digital dollar.
Thus, the advisor argues that, with this maneuver, “black money and criminal businesses will disappear”, at least in theory, since undeclared cash would be left out of the system.
In this line, The plan would contemplate eliminating public debt and a large part of the related private obligations, while the majority of citizens would not even perceive the change in their daily lives. According to Thawanien, this process would culminate in a complete restart of the financial system “from scratch”, a reconstruction that would reorganize assets, liabilities and reserves under the new digital rules.
In simple terms, all of these measures would create a scenario in which confidence in traditional cash and US bonds would plummet, consolidating bitcoin as the preferred refuge of value for investors and citizens, which would take its price to million-dollar levels.
The fiscal abyss: reality or exaggeration?
To put this hypothesis in perspective, it is worth reviewing the real situation of US debt. In September 2025, the debt gross national amounted to approximately 37.6 billion dollars.
At the time of writing this note, this figure equivalent to almost 120% of the nation’s GDPwhich places the United States among the countries with the highest debt/GDP ratio in the world. Furthermore, paying interest on debt consumes an increasing proportion of the public budget; Several estimates project that it could soon exceed 50% of total spending, a scenario that Thawanien takes as a basis in his hypothesis.
According to projections from platforms such as Statista, the US debt could get over 44 trillion dollars by 2028, with a debt/GDP ratio close to 137%, a scenario that would further increase the fiscal pressure on the country.
In parallel to this theory, it is worth noting that Some public actors have proposed incorporating bitcoin as a support instrument for the State. At the Bitcoin Conference 2025 in Las Vegas, Senators Jim Justice and Marsha Blackburn agreed that BTC could play a key role in helping the US solve its debt problem.
During that event, Senator Cynthia Lummis (Wyoming) stated that the government’s purchase and accumulation of bitcoin could offer an innovative mechanism to mitigate inflation risk and diversify reserves. In addition, he stressed that “a BTC reserve represents the definitive way to obtain geopolitical advantage for the United States.” This was reported by CriptoNoticias.
Although the United States already owns around 198,012 BTC, according to sources unofficial like Arkham Intelligence, these holdings come primarily from judicial seizures. To date no official audit has been carried out confirming the amount of bitcoin in the hands of US federal agencies.