U.S. gov could offset $21T in debt with purchase of 1M Bitcoin by 2049: VanEck

U.S. asset management firm VanEck reported on its official website that if the U.S. follows the BITCOIN Act’s plan to gather 1 million Bitcoin (BTC) by 2029, it could reduce the national debt by around $21 trillion by 2049. VanEck's analysis suggests this amount would be 18% of the expected total U.S. debt that year. The BITCOIN Act, introduced by pro-cryptocurrency Senator Cynthia Lummis from Wyoming, requires that the U.S. government acquire a strategic reserve of up to 5% of the total BTC supply.