Asset manager VanEck has stated that a Strategic Bitcoin Reserve could help mitigate the US’ growing debt, which currently stands at $36 trillion.
To explore the potential effects of this idea, the firm has developed an interactive tool inspired by the BITCOIN Act.
How Will a Strategic Bitcoin Reserve Reduce US Debt?
The BITCOIN Act, introduced by Senator Cynthia Lummis, outlines a plan for the US government to acquire up to 1 million Bitcoins (BTC) over five years, purchasing no more than 200,000 BTC per year.
These assets would be held in a dedicated reserve for at least 20 years. Lummis believes such a reserve could substantially reduce the nation’s debt.
Notably, VanEck’s new calculator lets users know…
