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

US Bitcoin Reserve: How Much Could It Save on National Debt?

user avatar

by Giorgi Kostiuk

a year ago

The question of creating a national Bitcoin reserve in the US remains controversial. VanEck has released a report on the economic benefits of such a reserve.

Divided Opinions

Donald Trump's promise to establish a national Bitcoin reserve is intriguing. However, analysts remain divided on the issue.

VanEck's Analysis

In its latest report, asset management firm VanEck claims that a strategic Bitcoin reserve could reduce the US national debt by up to 36% by 2050. VanEck analysts stated that the US could cut its national debt by 35% over the next 24 years if it creates a reserve of 1 million Bitcoins under the bill proposed by Senator Cynthia Lummis.

A Bitcoin reserve created could represent approximately 35% of the national debt by 2049, offsetting approximately $42 trillion in liabilities.Matthew Sigel and Nathan Frankovitz

Plans for the Future

Sigel and Frankovitz also suggested that the US halt the sale of Bitcoin and start initial Bitcoin purchases through the Exchange Stabilization Fund. Under the Bitcoin bill presented by Lummis, the US could reuse the 198,100 Bitcoins it seized, while financing the remaining 801,900 Bitcoins through Emergency Support Functions.

The prospect of a national Bitcoin reserve in the US remains uncertain, but the potential economic benefits may provide a compelling case for such a move.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Sentient (SENT) Sees 170% Price Surge

chest

Sentient (SENT) experienced a remarkable price surge of 170% on January 23rd, with a market capitalization of 225 million.

user avatarTenzin Dorje

Market Consolidation Shifts Focus to Structurally Relevant Crypto Assets

chest

As market consolidation continues, analysts are shifting their focus toward structurally relevant crypto assets rather than momentum-driven price movements.

user avatarBayarjavkhlan Ganbaatar

Avalanche Presents Value Opportunity with 91% Markdown

chest

Avalanche is currently trading at $13.91, having dropped 91% from its peak of $144, presenting a significant value opportunity for risk-tolerant investors.

user avatarMohamed Farouk

LiveKit Achieves $1 Billion Valuation Following Major Funding Round

chest

LiveKit has reached a significant milestone with a $1 billion valuation following a $100 million funding round.

user avatarDiego Alvarez

LiveKit's Journey from Open Source Project to AI Unicorn

chest

LiveKit transitioned from an open-source project to a billion-dollar company by addressing the needs of large enterprises.

user avatarElias Mukuru

Zelensky Criticizes Europe's Inaction at Davos

chest

Ukrainian President Volodymyr Zelenskyy criticized European nations for their inaction regarding US policies in Venezuela and Iran during the World Economic Forum in Davos.

user avatarKenji Takahashi

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.