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Home Blockchain

VanEck Predicts U.S. Bitcoin Reserves Could Slash National Debt by 35% by 2049

by DigestWire member
December 23, 2024
in Blockchain, Crypto Market, Cryptocurrency
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VanEck Predicts U.S. Bitcoin Reserves Could Slash National Debt by 35% by 2049
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The post VanEck Predicts U.S. Bitcoin Reserves Could Slash National Debt by 35% by 2049 appeared first on Coinpedia Fintech News

VanEck estimates that if the U.S. establishes a Bitcoin reserve of 1 million BTC, as proposed by Senator Cynthia Lummis, it could reduce the national debt by 35% by 2049. With a 25% compound annual growth rate (CAGR), Bitcoin could reach $42.3 million, while national debt grows at 5%. The report suggests that Bitcoin’s rise could offset $42 trillion in debt. The reserve plan, which could be funded through asset seizures and gold sales, has yet to be reviewed by Congress but could transform U.S. financial strategy.

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