Oh, lookie here! VanEck has cooked up a scheme so outlandish, it’s like saying leprechauns will pay off the national debt. They claim that if the U.S. hoards a million Bitcoin, it could chop off a whopping $21 trillion from the debt by 2049!
These analysts must have been eating their fairy dust for breakfast, believing that if Bitcoin soars to $21 million per coin, we’ll all be living on the moon by then. 🌕
“If we stack up 1 million BTC by 2029, our crystal ball says it’ll cancel out $21 trillion of IOUs,” said Matthew Sigel, the head dreamer at VanEck, in his latest report.
VanEck’s crystal ball also assumes Bitcoin will grow like Jack’s beanstalk, jumping 25% every year, while the debt only grows at a snail-like 5%. Meanwhile, Senator Cynthia Lummis, a Bitcoin booster, gives a thumbs-up like it’s the next big thing since sliced bread. 🍞
Senator Lummis is all for this Bitcoin bonanza, thinking it’ll save the dollar and our grandkids from a lifetime of debt slavery. But hey, the Senate and House might as well be playing cards for all they’ve reviewed this idea. 🃏
Other countries are ogling this Bitcoin basket too. Venezuela, Switzerland, and Hong Kong are all eyeing it like it’s the golden goose. But our friend Arthur Hayes, the ex-BitMEX honcho, says it’s all hogwash. 🐷
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2025-02-23 18:22