BTC $84,489.17 -0.21%
ETH $2,665.98 -1.22%
BNB $766.85 -0.44%
XRP $1.48 -0.62%
SOL $118.51 +0.16%
TRX $0.3346 -0.07%
DOGE $0.0925 -1.75%
ADA $0.2424 -1.39%
BCH $309.12 -0.05%
LINK $13.74 -3.99%
HYPE $88.16 +0.86%
AAVE $180.10 +4.81%
SUI $1.12 -3.88%
XLM $0.2144 -2.07%
ZEC $1,293.13 -3.63%
AAPL $333.44 +0.80%
AMZN $251.28 +0.96%
GOOGL $343.05 +1.04%
MSFT $517.54 +0.43%
META $727.46 +0.12%
NVDA $234.08 +1.01%
TSLA $371.10 +4.33%
SNDK $1,718.43 -3.64%
INTC $119.16 -1.04%
SPCX $158.90 +6.77%
MU $1,071.02 -1.92%
AMD $633.34 +2.53%
BTC $84,489.17 -0.21%
ETH $2,665.98 -1.22%
BNB $766.85 -0.44%
XRP $1.48 -0.62%
SOL $118.51 +0.16%
TRX $0.3346 -0.07%
DOGE $0.0925 -1.75%
ADA $0.2424 -1.39%
BCH $309.12 -0.05%
LINK $13.74 -3.99%
HYPE $88.16 +0.86%
AAVE $180.10 +4.81%
SUI $1.12 -3.88%
XLM $0.2144 -2.07%
ZEC $1,293.13 -3.63%
AAPL $333.44 +0.80%
AMZN $251.28 +0.96%
GOOGL $343.05 +1.04%
MSFT $517.54 +0.43%
META $727.46 +0.12%
NVDA $234.08 +1.01%
TSLA $371.10 +4.33%
SNDK $1,718.43 -3.64%
INTC $119.16 -1.04%
SPCX $158.90 +6.77%
MU $1,071.02 -1.92%
AMD $633.34 +2.53%

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."

app_icon
ChainCatcher Building the Web3 world with innovations.