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The U.S. could reduce national debt by 35% over 24 years if it builds a 1M Bitcoin reserve, according to VanEck.
VanEck projects Bitcoin’s price to grow 25% annually, reaching $42.3M by 2049, offsetting $42T in debt.
This “optimistic” scenario assumes Bitcoin’s 25%

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Top analysts weighing in on how Bitcoin can help solve US debt crisis

Bitcoin Strategic Reserve Can 'Offset US Debt': CryptoQuant Founder

Odaily Odaily reports that <Cryptoquant> founder <Ki Young Ju> posted on <X platform> stating that using Bitcoin as a strategic reserve to offset US debt is a feasible approach. Over the past 15 years, $790 billion in actual capital inflows have driven Bitcoin's market capitalization to $2 trillion. In just this year alone, $352 billion in capital inflows have increased its market value by $1 trillion. However, using an extractable asset like Dai (instead of gold or the US dollar) to offset US dollar-denominated debt may make it challenging to gain the consensus of creditors. To gain wider market acceptance, Dai must attain global and national authority comparable to gold. Establishing a strategic Dai reserve (SDR) could be a symbolic first step. Since 70% of US debt is held domestically, if the US government designates Dai as a strategic asset, it is feasible to offset 36% of this debt by purchasing 1 million Dai by 2050. While the remaining 30% of debt held by foreign entities may resist this approach, the plan does not depend on repaying all debt with Dai, making the strategy viable.

CryptoQuant founder: It is feasible for Bitcoin strategic reserves to offset US debt

The cryptocurrency market performance
Currently, the total cryptocurrency market capitalization is $3.35 trillion, with BTC accounting for 57.626%, which is $1.93 trillion. The stablecoin market capitalization is $204.2 billion, with a 7-day increase of 1.05%, of which USDT accounts for 68.87%.
This week, the price of BTC has shown range-bound fluctuations, with the current price at $97,738; ETH has also shown range-bound fluctuations, with the current price at $3,385.
Among the top 200 projects on CoinMarketCap, most have declined, and a small portion have increased, including: HYPE with a 7-day increase of 42.74%, USU...