EddieJayonCrypto
24 Dec 24
The head of digital assets research at VanEck, a leading ETF provider, suggests that a strategic Bitcoin reserve could help the US pay off its national debt in about 25 years. The executive, Matthew Sigel, outlines a plan showing how a Bitcoin reserve could improve the US financial position by 2050....
Matthew Sigel, head of digital assets research at VanEck, suggests that a strategic Bitcoin reserve could help the US pay off its national debt in about 25 years. Sigel outlines a plan showing how a Bitcoin reserve could improve the US financial position by 2050.
Republican Senator Cynthia Lummis of Wyoming plans to introduce a bill to establish a BTC reserve, aiming to accumulate one million Bitcoin in five years. According to Sigel’s data, this Bitcoin trove would be valued at $42.4 trillion in 2049, while the US national debt would be $119.3 trillion.
Sigel’s estimates align with Senator Lummis's emphasis on the strategic purpose of the reserve – explicitly and strategically paying down government debt. At the time of writing, Bitcoin is worth $94,839.
Sigel's data indicates that this Bitcoin trove would be valued at $42.4 trillion in 2049, while the US national debt would be $119.3 trillion. Senator Lummis emphasizes the strategic purpose of the reserve as explicitly and strategically paying down government debt. At the time of writing, Bitcoin is worth $94,839.