HawkInsight

  • Contact Us
  • App
  • English

VanEck: Bitcoin reserve strategy may reduce U.S. debt by 35% and offset approximately $42 trillion in debt

Online reports that asset management company VanEck said that if the United States follows the bill proposed by Senator Cynthia Lummis and builds a reserve of 1 million bitcoins, the U.S. national debt can be reduced by 35% over the next 24 years. VanEck's estimates assume that Bitcoin will grow at a compound annual growth rate (CAGR) of 25% to $42.3 million in 2049, while U.S. Treasuries will climb from $37 trillion in early 2025 to $119.3 trillion over the same period at a compound annual growth rate of 5%. Matthew Sigel, head of digital asset research at VanEck, and investment analyst Nathan Frankovitz said in a report on December 20:"By 2049, this reserve could account for 35% of the country's debt, offsetting approximately $42 trillion in debt.“

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More