BlockBeats News, December 23rd, asset management company VanEck stated that if the United States were to establish a reserve of 1 million bitcoins as proposed by Senator Cynthia Lummis, then the national debt of the United States could be reduced by 35% over the next 24 years.
VanEck's estimate assumes that Bitcoin will grow at a 25% compound annual growth rate (CAGR) to reach $4.23 trillion by 2049, while the U.S. national debt will grow at a 5% compound annual growth rate from $37 trillion in early 2025 to $119.3 trillion during the same period.
VanEck's Director of Digital Assets Research Matthew Sigel and Investment Analyst Nathan Frankovitz stated in a report on December 20th: "By 2049, this reserve could account for 35% of the national debt, offsetting approximately $42 trillion in liabilities."