🪙Can Bitcoin reduce U.S. national debt by 35% by 2049?
VanEck predicts that if the U.S. reserves 1 million Bitcoins as proposed by Senator Cynthia Lummis, the country could offset $42 trillion in national debt, equivalent to 35% of the total projected national debt by 2049👇
- VanEck estimates that Bitcoin will increase an average of 25% per year and reach a price of $42.3M/BTC by 2049
- Meanwhile, U.S. national debt is expected to rise by 5% per year, from $37 trillion (2025) to $119.3 trillion (2049).
According to the bill proposed in early August, the U.S. could start reserving Bitcoin by utilizing 198,100 BTC seized from cases and selling about $455 billion in gold reserves to acquire Bitcoin.
The scenario is beautiful, but to become a reality it is very difficult because Senator Lummis's bill has not yet been reviewed by the Senate or the House of Representatives.
