VanEck: Strategic Bitcoin reserves could reduce U.S. debt by 36% by 2050

2024-12-23 08:30:31

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ChainCatcher news, according to Beincrypto, asset management company VanEck predicts that by adopting a strategic Bitcoin reserve, the U.S. could reduce its national debt by 36% by 2050. This view echoes Senator Cynthia Lummis's Bitcoin bill, which proposes that the U.S. accumulate 1 million Bitcoins within five years to alleviate the debt burden.

VanEck's analysis indicates that if the debt increases at an annual growth rate of 5%, while Bitcoin appreciates at 25% annually, by 2049, Bitcoin investments could reduce U.S. debt by approximately $42 trillion, with Bitcoin's value reaching $42 million, making it an important asset in global finance. Additionally, VanEck expects that by 2049, Bitcoin will account for 18% of global financial assets.

VanEck's research director Mathew Sigel believes that Bitcoin has the potential to reshape the global financial landscape, becoming a currency for global trade settlements and providing an alternative to the dollar, especially in countries under U.S. sanctions. VanEck suggests that the Trump administration adjust its policies to utilize the Foreign Exchange Stabilization Fund to purchase Bitcoin.

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