This week, investment management firm VanEck unveiled a calculator that shows how strategic Bitcoin - the reserve will affect the US national debt under given conditions. This tool is based on VanEck research, in which the company's analysts describe how soon the debt can be repaid using the BTC reserve.
It should be noted that the VanEck researchers suggest that the law on strategic Bitcoin -the reserve will be adopted this year and without major changes. This means that the US Treasury will collect 1 million BTC in five years and will store them for the next 20 years. During this time, they can only be spent on covering the national debt.
VanEck estimates that the US will accumulate 1 million bitcoins by 2049. The total value of these assets will be $21 trillion, which will offset about 18% of the debt, which by then will reach about $116 million, i.e. will grow by 5% per year. For comparison, the US national debt currently amounts to $36 trillion.
It turns out that the Bitcoin strategic reserve is unlikely to pay off the US debt. However, it could significantly reduce it. To completely pay off the national debt (assuming the growth rate is as expected), the government would need to purchase more than 5 million bitcoins.
