BitBonds或将比特币整合到国库债券融资中的艺术

BitBonds是Vaneck在2025年战略比特币储备峰会上提出的一种新形式的债券形式。其主要目标：帮助再融资美国的公共债务。

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.

在未来几年中，美国目前面临14万亿美元的公共债务。在2025年战略比特币储备峰会上，Vaneck的Matthew Sigel提出了一个解决方案：BitBonds。

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

一种新的债券形式，将比特币整合到国库债券融资中

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年战略比特币储备峰会上提出的一种新形式的债券形式。其主要目标：帮助再融资美国的公共债务。

Specifically, a BitBond combines:

具体来说，Bitbond结合了：

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.

这种结构基于一个相当简单的原则：即使比特币失去了所有价值，与传统债券相比，美国政府仍然可以省钱。

A double-edged solution

双刃解决方案

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.

对于投资者，BitBonds每年提供4.5％的保证收益率。如果比特币表现良好，他们甚至将有机会分享超额收益。那不是全部！如果BTC价格大幅上涨，州和投资者也将分享超出保证收益率的收益。

This hybrid model therefore allows investors to benefit from:

因此，这种混合模型使投资者可以从以下部门中受益：

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

但是，如果比特币没有达到足够的增长来支付预期的回报，那么投资者可能不会获得希望的收益。

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

因此，成功的关键在于BTC产生回报的能力高于这些债券的基本利率。

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%).

请注意，与当前的传统债券利率为4％相比，BitBonds的利率可以显着降低（约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…

如果该解决方案引起加密投资者和政府的共鸣，它可能会改变主权债务管理。更好！它应该鼓励其他国家采用类似的方法。跟随的故事…

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

通过我们的“阅读赚取”计划最大化您的共同成员体验！对于您阅读的每篇文章，请赚取积分并获得独家奖励。立即注册并开始赚取福利。

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岁。我已经在网络写作领域工作了7年。几年前，我才发现交易和加密货币，但这是一个引起我极大兴趣的宇宙。平台上涵盖的主题使我能够了解更多。在业余时间的一名歌手，我还培养了对音乐和阅读（以及动物！）的极大热情