According to BlockBeats news on December 23, asset management firm VanEck stated that if the U.S. establishes a reserve of 1 million Bitcoins under the bill 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 to $42.3 million by 2049 at a compound annual growth rate (CAGR) of 25%, while U.S. Treasury debt will climb from $37 trillion at the beginning of 2025 to $119.3 trillion in the same period at a CAGR of 5%.
Matthew Sigel, head of digital asset research at VanEck, 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 approximately $42 trillion in liabilities.'
