Asset manager VanEck suggests that the United States will cut its national debt by a staggering 36% if the country adopts Bitcoin as a reserve asset.
The US President-elect, Donald Trump, has described Bitcoin as the cryptocurrency of the future. Notably, he has often teased using Bitcoin to pay for the growing national debt.
Other Bitcoin advocates in the United States also share a similar sentiment. For context, Senator Cynthia Lummis has argued that the premier crypto asset would facilitate a debt-free America, providing a better economic environment for future generations.
Amid these discussions, multi-billion asset manager VanEck has shared a template showing the impact of Bitcoin adoption on the national debt. According to a recent report, the US could use Bitcoin to reduce up to 36% of its deficit in the next 26 years.
Pros and Cons of Bitcoin Strategic Reserve
VanEck’s analysis hinges on Senator Lummis’s Bitcoin Act bill
