Asset manager VanEck has stated that a Strategic Bitcoin Reserve could help mitigate the US’ growing debt, which currently stands at $36 trillion. To
Similarly, Bitcoin is presumed to appreciate at a compounded rate of 25% per year. Its acquisition price is predicted to start at $100,000 per Bitcoin in 2025. Thus, by 2049, the price could potentially be $21 million per Bitcoin.
While the federal government considers the potential of a Strategic Bitcoin Reserve, interest is also rising at the state level. At least 20 US states have introduced bills to create digital asset reserves.
According to Matthew Sigel, Head of Digital Assets Research at VanEck, state-level bills could collectively drive as much as $23 billion in Bitcoin purchases.
President Trumps Crypto Promise
VanEcks move comes as Bitcoin is receiving increasing political support. US President Donald Trump has reiterated his commitment to positioning the US as a global leader in cryptocurrency.
Speaking at the Future Investment Initiative Institute summit in Miami, Trump emphasized the economic growth driven by crypto-friendly policies.
“Bitcoin has set multiple all-time record highs because everyone knows that Im committed to making America the crypto capital,” Trump said.
Since returning to office, Trump has signed an executive order to establish a national “digital asset stockpile.” He has also nominated pro-crypto leaders to head major regulatory bodies. However, whether a Bitcoin reserve will actually be established remains to be seen.
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