Cryptocurrency Q&A
Could a 1 million bitcoin reserve reduce US debt?
Could a 1 million bitcoin reserve reduce US debt?
Sara
Thu Jan 30 2025
|
6
answers
1746
I'm wondering if having a reserve of 1 million bitcoins could potentially help reduce the US debt. Is it possible that such a significant amount of bitcoins could make a dent in the country's financial obligations?
Previous
Are cold storage wallets the best crypto security?
Next
How do I avoid currency exchange fees?
6 answers
JejuJoyfulHeart
Sat Feb 01 2025
This projection spans a period of 24 years, highlighting the long-term benefits envisioned.
Was this helpful?
316
34
emma_anderson_scientist
Sat Feb 01 2025
According to asset management firm VanEck, the United States has the potential to significantly cut its national debt.
Was this helpful?
252
43
Raffaele
Sat Feb 01 2025
Senator Cynthia Lummis has proposed a bill suggesting the creation of a reserve of 1 million Bitcoin.
Was this helpful?
210
87
BitcoinWizardry
Sat Feb 01 2025
By implementing this strategy, VanEck estimates that the US could reduce its national debt by an impressive 35%.
Was this helpful?
352
87
KpopHarmonySoul
Fri Jan 31 2025
The idea behind this proposal is to leverage the value and potential appreciation of Bitcoin.
Was this helpful?
342
96
Load 5 more related questions
