BitBonds或將比特幣整合到國庫債券融資中的藝術

BitBonds是Vaneck在2025年戰略比特幣儲備峰會上提出的一種新形式的債券形式。其主要目標：幫助再融資美國的公共債務。

The United States is currently facing a public debt of 14 trillion dollars, due in the coming years. At the Strategic Bitcoin Reserve Summit 2025, Matthew Sigel from VanEck proposed a solution: BitBonds.

在未來幾年中，美國目前面臨14萬億美元的公共債務。在2025年戰略比特幣儲備峰會上，Vaneck的Matthew Sigel提出了一個解決方案：BitBonds。

A new form of bond to integrate bitcoin into Treasury bond financing

一種新的債券形式，將比特幣整合到國庫債券融資中

BitBonds are a new form of bond proposed by VanEck at the Strategic Bitcoin Reserve Summit 2025. Its primary goal: to help refinance the United States public debt.

BitBonds是Vaneck在2025年戰略比特幣儲備峰會上提出的一種新形式的債券形式。其主要目標：幫助再融資美國的公共債務。

Specifically, a BitBond combines:

具體來說，Bitbond結合了：

This structure is based on a fairly simple principle: even if bitcoin loses all its value, the U.S. government could still save money compared to traditional bonds.

這種結構基於一個相當簡單的原則：即使比特幣失去了所有價值，與傳統債券相比，美國政府仍然可以省錢。

A double-edged solution

雙刃解決方案

For investors, BitBonds offer a guaranteed yield of 4.5% per year. They will even have the opportunity to share excess gains if bitcoin performs well. That’s not all! In the event of a significant rise in the BTC price, the state and investors would also share the gains beyond the guaranteed yield.

對於投資者，BitBonds每年提供4.5％的保證收益率。如果比特幣表現良好，他們甚至將有機會分享超額收益。那不是全部！如果BTC價格大幅上漲，州和投資者也將分享超出保證收益率的收益。

This hybrid model therefore allows investors to benefit from:

因此，這種混合模型使投資者可以從以下部門中受益：

However, if bitcoin does not achieve enough growth to cover expected returns, investors might not get the hoped-for gains.

但是，如果比特幣沒有達到足夠的增長來支付預期的回報，那麼投資者可能不會獲得希望的收益。

The key to success thus lies in BTC’s ability to generate returns above the base rates of these bonds.

因此，成功的關鍵在於BTC產生回報的能力高於這些債券的基本利率。

Note that compared to current interest rates of 4% on traditional bonds, BitBonds could be issued at significantly lower interest rates (around 1 to 2%).

請注意，與當前的傳統債券利率為4％相比，BitBonds的利率可以顯著降低（約1至2％）。

If this solution resonates with crypto investors and governments, it could transform sovereign debt management. Even better! It should encourage other countries to adopt similar approaches. Story to follow…

如果該解決方案引起加密投資者和政府的共鳴，它可能會改變主權債務管理。更好！它應該鼓勵其他國家採用類似的方法。跟隨的故事…

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Hello, my name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

您好，我叫Ariela，我今年31歲。我已經在網絡寫作領域工作了7年。幾年前，我才發現交易和加密貨幣，但這是一個引起我極大興趣的宇宙。平台上涵蓋的主題使我能夠了解更多。在業餘時間的一名歌手，我還培養了對音樂和閱讀（以及動物！）的極大熱情