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XLM $0.1627 -0.26%
ZEC $509.72 +0.37%

VanEck Research Director: If the U.S. Treasury purchases 1 million BTC within 5 years, it will account for 36% of U.S. debt assets by 2050, conditions permitting

2024-12-21 17:13:45

ChainCatcher message, regarding the Bitcoin strategic reserve plan proposed by Senator Cynthia Lummis, VanEck's Head of Digital Assets Research Matthew Sigel commented on the X platform, "We did some math on this topic in this month's ChainCheck. Assuming the U.S. Treasury starts purchasing 1 million Bitcoins at a starting price of $200,000 over the next 5 years. Assuming U.S. debt grows at a rate of 5% (compared to an 8% annual compound growth rate over the past 10 years) and Bitcoin prices compound at a rate of 25%. In this scenario, by 2050, the U.S. strategic Bitcoin reserve would hold assets equivalent to 36% of the debt."

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