Can Bitcoin be the solution for US student loan?

livemint.com:

Millions of students in the United States choose loans as their resort for education. Student loans are the second largest consumer debt category in the country, after mortgages. In a major relief, US President Joe Biden announced to forgive student loans up to $10,000 and $20,000 ahead of the midterm elections. While many experts have given thumbs up to the move, however, some believe this will not be enough. Dennis Porter, CEO, and Co-founder of Satoshi Act Fund proposes Bitcoin as the solution for US student loans.

Explaining why Bitcoin is the solution for US students loan, Porter tweeted, "instead of forgiving $10,000 in student debt, Biden should have given each person $10,000 in Bitcoin, locked up for 10 years in a smart contract that pays off the remaining balance of the student debt once it's released."

"Problem solved, no more debt," Porter said.

Porter's statement grabbed the attention of many Twitterati. The majority of them feel Bitcoin is not the needed solution for US student loans.

A user replied to Porter saying, " I know you think this is smart… but what do families do about the debt they can’t pay for those 10 years. Bitcoin is great but it’s not The Solution for everything. Read the room, my guy."

… I know you think this is smart… but what do families do about the debt they can’t pay for those 10 years. Bitcoin is great but it’s not The Solution for everything. Read the room, my guy.

While another user said, Bitcoin has got the potential to solve monetary problems.

Another user commented stating that 'you simply can’t cherry pick when to accept loan forgiveness or subsidy from the fiat lords. You are either a self-sovereign free individual or you belong to the Matrix."

Meanwhile, another user liked the