Bitcoin Policy Institute proposes issuing “BitBonds” to support Trump’s strategic Bitcoin reserve

CoinRank News: The Bitcoin Policy Institute proposes to issue a new type of treasury bond BitBonds to support the Trump administrations strategic Bitcoin reserve plan. The bond will offer an annual interest rate of 1% (lower than the 4.5% interest rate of ordinary treasury bonds), and 10% of the funds raised will be used to purchase Bitcoin. According to the plan, if $2 trillion of BitBonds are issued, $700 billion in interest can be saved in ten years. The US government currently holds about 200,000 bitcoins (worth $17 billion). After deducting the part that needs to be returned, the initial size of the strategic reserve is about 103,500. The plan aims to achieve budget-neutral increase in Bitcoin holdings while reducing the cost of treasury bonds. The Secretary of the Treasury will evaluate the feasibility of this plan within 60 days. (The Block)