{"id":19808,"date":"2024-12-23T14:14:49","date_gmt":"2024-12-23T12:14:49","guid":{"rendered":"https:\/\/forklog.com\/en\/vaneck-assesses-bitcoin-reserves-impact-on-us-national-debt\/"},"modified":"2024-12-23T14:14:49","modified_gmt":"2024-12-23T12:14:49","slug":"vaneck-assesses-bitcoin-reserves-impact-on-us-national-debt","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/vaneck-assesses-bitcoin-reserves-impact-on-us-national-debt\/","title":{"rendered":"VanEck Assesses Bitcoin Reserve&#8217;s Impact on US National Debt"},"content":{"rendered":"<p>The establishment of a strategic bitcoin reserve could help the United States reduce its national debt by 35% by 2050, according to an assessment by <a href=\"https:\/\/www.vaneck.com\/us\/en\/blogs\/digital-assets\/matthew-sigel-vaneck-mid-december-bitcoin-chaincheck\/\">VanEck<\/a>.<\/p>\n<p>Experts predict that digital gold will rise to $42.3 million by 2049, with an average annual growth rate of 25%. Meanwhile, federal government obligations are expected to increase to $119.3 trillion (<span data-descr=\"compound annual growth rate\" class=\"old_tooltip\">CAGR<\/span> 5%).<\/p>\n<p>As a result, the share of the bitcoin reserve in the US national debt is projected to rise to 35%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeqZzHlFLZ7tMar_SBfFHAHiQ1obN-_XXzSqvUS1_E3iNLgGQeaWh5xHI7MwvfjCZ69UmeaNnIOyVXkvocN6YLLxZwnwUD5zVdJJQCh7WChp88tvL4Qnl5WLLc3FT6hKK6W_2fpLA?key=jVIkN5aHmMmYArQO7DugVfoD\" alt=\"VanEck Assesses Bitcoin Reserve's Impact on US National Debt\"\/><figcaption class=\"wp-element-caption\">Data: VanEck.<\/figcaption><\/figure>\n<p>In a scenario where the price of the first cryptocurrency rises to $42.3 million, its share in the total valuation of global financial assets would reach 18%. Currently, this figure stands at approximately 0.22%.<\/p>\n<p>VanEck also suggested that member countries of <a href=\"https:\/\/ru.m.wikipedia.org\/wiki\/%D0%91%D0%A0%D0%98%D0%9A%D0%A1\">BRICS<\/a> might consider using digital gold.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Our children can decide, after they thank us. By then, it&#8217;s very possible bitcoin will be widely used as a settlement currency for global trade by countries who wanted to avoid the parabolic increase in USD sanctions that have been imposed. So, the utility would be clearer.\u2026<\/p>\n<p>\u2014 matthew sigel, recovering CFA (@matthew_sigel) <a href=\"https:\/\/twitter.com\/matthew_sigel\/status\/1870492846027088321?ref_src=twsrc%5Etfw\">December 21, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt is quite possible that bitcoin will be widely used as a settlement currency for global trade between countries seeking to avoid the impact of sanctions,\u201d noted Matthew Sigel, Head of Digital Asset Research at VanEck.<\/p>\n<\/blockquote>\n<p>Previously, Binance founder Changpeng Zhao predicted a race among states in the digital gold market if Trump&#8217;s plan is implemented.<\/p>\n<p>The creation of a bitcoin reserve was one of the <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-dips-to-67000-amid-trumps-bitcoin-2024-speech\">promises<\/a> made by the elected president during the election campaign.<\/p>\n<p>In July, Senator Cynthia Lummis <a href=\"https:\/\/u1f987.com\/en\/news\/senator-cynthia-lummis-proposes-bill-for-us-bitcoin-reserves\">introduced<\/a> a bill proposing the purchase of 1 million BTC (no more than 200,000 BTC per year over five years) using the gold reserves of the <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span>.<\/p>\n<p>In December, Lummis expressed hope for support from Scott Bessent, nominated by Trump for the position of Treasury Secretary, in advancing the document.<\/p>\n<p>Earlier, MicroStrategy founder Michael Saylor estimated the impact of creating a bitcoin reserve for the US at $81 trillion.<\/p>\n<p>Sam Lyman, Director of Government Relations at Riot Platforms, described the initiative as a geopolitical tool for Washington.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The establishment of a strategic bitcoin reserve could help the United States reduce its national debt by 35% by 2050, according to an assessment by VanEck. Experts predict that digital gold will rise to $42.3 million by 2049, with an average annual growth rate of 25%. Meanwhile, federal government obligations are expected to increase to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1641,26,783],"class_list":["post-19808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-reserves","tag-usa","tag-vaneck"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=19808"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19807"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}