**Bitcoin Reserve Proposal Could Slash US Debt by 35%**
A new proposal suggests the US could cut its national debt by 35% over 24 years by creating a reserve of 1 million Bitcoin. Asset management firm VanEck predicts Bitcoin's value could soar to $42.3 million by 2049, assuming a 25% annual growth rate. This would offset approximately $42 trillion of the projected $119.3 trillion debt.
The plan, backed by Senator Cynthia Lummis, involves repurposing seized Bitcoin and potentially selling gold reserves. However, the bill awaits Senate and House review. Bitcoin's growing adoption could further influence its role in global trade.