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.“
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