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How much will Bitcoin reduce U.S. national debt by 2030?
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Story
VanEck Report: U.S. Bitcoin Reserve Could Slash $35 Trillion National Debt by 36% by 2050, Bitcoin to Hit $42 Million by 2049
Dec 23, 2024, 12:16 AM
A recent report from VanEck suggests that the United States could significantly reduce its national debt by up to 36% by 2050 through the establishment of a strategic Bitcoin reserve. The report highlights that if Bitcoin achieves a compounded annual growth rate of 25%, its price could soar to approximately $42 million by 2049. Currently, the U.S. holds around $20 billion in Bitcoin from seizures, and there are discussions around the potential for the U.S. government to accumulate a reserve of 1 million Bitcoins, which would represent about 5% of all Bitcoin in circulation. This ambitious proposal, supported by various analysts, raises questions about its feasibility and implications for U.S. fiscal policy. Notably, former President Donald Trump has expressed interest in utilizing Bitcoin as a means to address the national debt, which currently stands at approximately $35 trillion. The discussions around a strategic Bitcoin reserve reflect a growing interest in cryptocurrency as a tool for economic strategy.
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