• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

How Bitcoin Could Reduce the U.S. National Debt: VanEck Report

user avatar

by Giorgi Kostiuk

3 months ago


A recent report by VanEck suggests that strategic Bitcoin reserves could significantly lower the U.S. national debt by 2050, in line with Senator Cynthia Lummis's proposals.

Bitcoin's Role in Reducing Debt

According to VanEck's analysis, if Bitcoin maintains its trend of annual appreciation at 25%, the U.S. could dramatically cut its debt load. By 2049, Bitcoin's value might reach $42 trillion, surpassing the U.S. national debt and offsetting approximately $42 trillion, or about 35% of the total debt.

Bitcoin's Growing Importance in Global Finance

These strategic forecasts for Bitcoin extend beyond the U.S. Enhanced involvement in international settlements could position Bitcoin as a significant asset in the global financial market. Increased use as a settlement currency by countries wishing to bypass U.S. sanctions could elevate Bitcoin's role in global transactions. By 2049, its projected value might constitute 18% of global financial assets, up from just 0.22% today.

“It’s very possible bitcoin will be widely used as a settlement currency for global trade by countries who wanted to avoid the parabolic increase in USD sanctions that have been imposed.”Matthew Sigel

Strategic Steps for Adoption

VanEck recommends several steps to incorporate Bitcoin into U.S. financial strategy, including halting the sale of assets from U.S. forfeiture reserves currently holding about 198,100 Bitcoins, and reevaluating U.S. gold reserves to purchase Bitcoin via the Exchange Stabilization Fund. These measures could bolster the U.S.'s position in the evolving digital economy, even without full legislative approval.

VanEck's proposal to leverage Bitcoin as a national reserve faces mixed reactions. Despite some support, skeptics suggest alternatives, such as creating a national digital currency.

0

Share

Other news

Dawgz AI: A Cryptocurrency Beyond Memes

Dawgz AI represents a new project in the cryptocurrency world, merging artificial intelligence technologies with blockchain.

user avatarGiorgi Kostiuk

a few seconds ago

Binance Coin Approaches All-Time High Amid Market Optimism

Binance Coin's (BNB) price nears a record high as optimistic market trends and Binance's initiatives drive significant trading activity.

user avatarGiorgi Kostiuk

9 minutes ago

Exploring New Trends in Meme Coins: BTFD Coin and Other Promising Projects

Overview of new meme coins like BTFD Coin, Goatseus Maximus, and MEW, their features and advantages.

user avatarGiorgi Kostiuk

21 minutes ago

Fans of Studio Ghibli Protest Against AI Art

Discussion of Studio Ghibli fans' criticism of AI Art and copyright issues amid new technologies.

user avatarGiorgi Kostiuk

21 minutes ago

Avalanche (AVAX) Increases Stablecoin Supply, While BinoFi Offers Promising Presale

Avalanche shows growth, but BinoFi presents unique investment opportunities in the crypto segment.

user avatarGiorgi Kostiuk

22 minutes ago

BlockDAG Raised $210.5 Million, Cardano and Dogecoin Prepare for Breakthrough

BlockDAG achieved $210.5 million in presale, while Cardano and Dogecoin continue their fight for sustainable growth.

user avatarGiorgi Kostiuk

29 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.