Bitcoin Reserve Proposal Could Cut US Debt by 35 by 2049
Bitcoin Reserve Proposal by Senator Lummis
A new proposal from Senator Cynthia Lummis could potentially transform how the US addresses its national debt. According to projections from VanEck, a Bitcoin reserve could slash US debt by a remarkable 35% by 2049. The firm anticipates that Bitcoin could appreciate by 25% annually, reaching an astonishing price of $42.3 million.
This proposal in turn highlights the growing recognition of Bitcoin as a financial asset. If successful, it could result in Bitcoin making up about 18% of global financial assets in the future. Financial policymakers are urged to consider this innovative approach in light of rising national debt concerns.
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