VanEck, an asset management firm, said that if the United States builds 1 million reserves of bitcoin as proposed by Senator Cynthia Lummis, the national debt could be reduced by 35% over the next 24 years.
VanEck's estimates assume bitcoin will grow at a 25% compound annual growth rate (CAGR) to $42.30 million in 2049, while U.S. Treasuries will climb at a 5% compound annual growth rate from $37 trillion in early 2025 to $119.30 trillion in the same period.
Matthew Sigel, head of digital asset research at VanEck, and Nathan Frankovitz, an investment analyst, said in a Dec. 20 note: 'The reserve could account for 35 percent of the national debt by 2049, offsetting about $42 trillion in liabilities.'
VanEck: Bitcoin Reserve Strategy Could Cut US Debt by 35%, Offset About $42 trillion
2024-12-23 01:02:24
Assets management company vaneck representation if united states according todesk3cryptocurrencydesktopCrypto News
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