According to a report by Golden Finance, asset management company VanEck stated that if the United States establishes a reserve of 1 million bitcoins as proposed by Senator Cynthia Lummis, the national debt could be reduced by 35% over the next 24 years. VanEck's estimate assumes that bitcoin will grow at a compound annual growth rate (CAGR) of 25% to $42.3 million by 2049, while U.S. national debt is projected to rise from $37 trillion at the beginning of 2025 to $119.3 trillion during the same period at a CAGR of 5%. VanEck's Head of Digital Asset Research Matthew Sigel and investment analyst Nathan Frankovitz stated in a report on December 20: 'By 2049, this reserve could account for 35% of the national debt, offsetting about $42 trillion in liabilities.'