Scan to download
BTC $61,346.55 -1.88%
ETH $1,585.18 -4.87%
BNB $581.20 -1.01%
XRP $1.09 -1.84%
SOL $63.19 -3.38%
TRX $0.3197 -1.55%
DOGE $0.0820 -1.97%
ADA $0.1587 -0.46%
BCH $225.13 +1.09%
LINK $7.43 -1.25%
HYPE $60.19 -2.16%
AAVE $61.98 -8.66%
SUI $0.7092 +1.67%
XLM $0.2025 +6.41%
ZEC $372.77 +19.72%
BTC $61,346.55 -1.88%
ETH $1,585.18 -4.87%
BNB $581.20 -1.01%
XRP $1.09 -1.84%
SOL $63.19 -3.38%
TRX $0.3197 -1.55%
DOGE $0.0820 -1.97%
ADA $0.1587 -0.46%
BCH $225.13 +1.09%
LINK $7.43 -1.25%
HYPE $60.19 -2.16%
AAVE $61.98 -8.66%
SUI $0.7092 +1.67%
XLM $0.2025 +6.41%
ZEC $372.77 +19.72%

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
Collection

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."

app_icon
ChainCatcher Building the Web3 world with innovations.