美国可以收购价值2000亿美元的比特币，并在此过程中节省约3540亿美元

在美国比特币活动期间，霍恩斯提出了一项策略，该战略使用债券发行中的比特币来削减政府借贷成本。

The U.S. could buy $200 billion of Bitcoin (BTC) and save an estimated $354 billion in the process, according to Andrew Hohns, CEO of Newmarket Capital.

Newmarket Capital首席执行官安德鲁·霍恩斯（Andrew Hohns）表示，美国可以购买2000亿美元的比特币（BTC），并在此过程中节省约3540亿美元。

During the Bitcoin For America event, Hohns presented a strategy that leverages Bitcoin in bond issuance to decrease government borrowing costs. The plan could also benefit from Bitcoin’s potential for significant long-term growth.

在美国比特币活动期间，霍恩斯提出了一项战略，该战略利用比特币发行债券来降低政府借贷成本。该计划还可以受益于比特币的长期长期增长的潜力。

A Groundbreaking Bond Structure

开创性的键结构

Hohns's proposal involves issuing $2 trillion in bonds, with 10% of it, approximately $200 billion, being invested directly into Bitcoin. The remaining 90 percent would be used for government programs and operations.

霍恩斯的提议涉及发行2万亿美元的债券，其中10％的债券（约2000亿美元）直接投资于比特币。其余90％将用于政府计划和运营。

The plan includes issuing the bonds at a 1% interest rate, which is lower than the current U.S. 10-year Treasury rate of 4.5%. This would generate annual savings of 3.5%, or $70 billion, on the $2 trillion total. Over 10 years, this amounts to $700 billion in savings.

该计划包括以1％的利率发行债券，低于当前的10年期库务利率4.5％。这将为2万亿美元的总储蓄量产生3.5％或700亿美元。在10年中，这一数字为7000亿美元。

After considering the $200 billion cost of acquiring Bitcoin, the net savings on interest would be approximately $554 billion in present value terms. Therefore, the government could purchase $200 billion of Bitcoin and save $354 billion on interest payments.

在考虑了收购比特币的2000亿美元成本之后，现价净储蓄将约为5540亿美元。因此，政府可以购买2000亿美元的比特币，并节省3540亿美元的利息。

Bond investors would receive an annual return of 4.5%, and they would also benefit from a share of any Bitcoin gains. Both the U.S. government and investors would split any appreciation in Bitcoin. Additionally, Hohns proposed that gains from the Bit Bonds be exempt from income and capital gains taxes, providing a potential tax advantage for American households.

债券投资者的年收益将为4.5％，他们也将从任何比特币收益中受益。美国政府和投资者都将对比特币进行任何赞赏。此外，霍恩斯（Hohns）提出，从地位债券中获得的收益免于收入和资本利得税，为美国家庭提供了潜在的税收优势。

Bitcoin’s Role in Reducing National Debt

比特币在减少国债中的作用

The plan aims not only to reduce borrowing costs but also to leverage Bitcoin’s potential for substantial appreciation to help manage the U.S. national debt. If Bitcoin continues its historical growth rate of 37% annually, the government’s Bitcoin holdings could surpass $1.7 trillion by 2035 and potentially exceed $50 trillion by 2045. This contribution could be instrumental in reducing the national debt over time.

该计划不仅旨在降低借贷成本，还旨在利用比特币的潜力来帮助管理美国国家债务。如果比特币每年持续37％的历史增长率，到2035年，政府的比特币持有量可能超过1.7万亿美元，到2045年可能超过50万亿美元。这项贡献可能会随着时间的推移减少国债而发挥作用。

Moreover, the strategy aligns with Treasury Secretary Bessent’s goal of diversifying debt maturities to mitigate refinancing risks.

此外，该战略与财政部长Bessent的目标相吻合，即使债务成熟度多样化以减轻再融资风险。

Hohns highlighted that this proposal offers a “win-win-win” scenario, as it benefits taxpayers with lower taxes, investors with higher returns, and policymakers with lower borrowing costs.

霍恩斯强调，该提案提供了“双赢”方案，因为它使纳税人受益于税收较低的纳税人，收益较高的投资者以及借贷成本较低的决策者。

Expert Support for Bitcoin-Based Debt Management

基于比特币的债务管理的专家支持

The concept of using Bitcoin to address national debt has also been discussed by other financial experts, such as Matthew Sigel, Head of Digital Asset Research at VanEck.

其他财务专家（例如Vaneck的数字资产研究主管Matthew Sigel）也讨论了使用比特币来解决国家债务的概念。

Sigel recently proposed a similar strategy to help manage the U.S. government’s $14 trillion debt. His version involves using the bond proceeds to purchase Bitcoin, with investors receiving all Bitcoin gains up to a 4.5% annual return. Any additional gains would be split evenly between investors and the government, creating a shared incentive for Bitcoin’s price to rise.

西格尔（Sigel）最近提出了一种类似的策略，以帮助管理美国政府14万亿美元的债务。他的版本涉及使用债券收益购买比特币，投资者获得所有比特币的收益高达4.5％。任何额外的收益将在投资者和政府之间平均分配，从而为比特币的价格上涨带来共同的动力。

This idea also resonates with Senator Cynthia Lummis, who has advocated for the U.S. government to acquire Bitcoin. Lummis suggested that the U.S. could buy 200k BTC tokens annually over five years to reach 1 million units. She believes this could cut the national debt by as much as 50% over the next two decades.

这个想法也引起了参议员辛西娅·卢米斯（Cynthia Lummis）的共鸣，他倡导美国政府获得比特币。卢米斯（Lummis）建议，美国可以在五年内每年购买200k BTC代币，以达到100万个单位。她认为，在未来二十年中，这可能会减少多达50％的国家债务。