The post Bitcoin Could Offset US Deficit, Serve as Treasury Reserve appeared on BitcoinEthereumNews.com.

Fundstrat Head of Research Tom Lee recently suggested Bitcoin as a “potential Treasury reserve asset” that could play a unique role in managing national debt. He stated that traditional measures like adjusting taxes and spending may not be enough to address the growing US deficit. As Bitcoin’s price increases, it could help offset US liabilities, easing some pressure on the deficit. This perspective positions Bitcoin not just as an investment, but as a potential strategic asset for fiscal stability. Bitcoin as a Treasury Reserve: Fundstrat Tom Lee’s Bold Claim Tom Lee, a Head of Research at Fundstrat commented on his recent thoughts regarding market dynamics that could affect Bitcoin and small-cap stocks. “It’s going to be very difficult to fix the deficit with just changes in taxes and spending,” says @fundstrat‘s Tom Lee. He says bitcoin is “potentially a Treasury reserve asset. If Bitcoin rises in price, it actually helps offset the liabilities, which is the deficit.” pic.twitter.com/tVrnE37dhS — Squawk Box (@SquawkCNBC) November 8, 2024 He said his team has been paying great attention to the betting markets. As known, it recently flashed a massive pullback as funds were taken out because of election-related uncertainty. With the Trump’s victory and the new policy changes on the horizon,  Lee feels that conditions for Bitcoin and small-cap investments will likely be quite good, holding colossal upside. He added that a rising price of Bitcoin would help offset the national deficit by reducing liabilities. He also underlined how increasingly relevant Bitcoin has become in today’s financial world. The ever-optimistic Lee does see Bitcoin reaching six figures by year-end. He placed a target at around $150,000 while post-halving momentum builds and regulatory challenges wane. Post-Election Rally Boosts Bitcoin and Stocks Tom Lee correctly predicted that a post-election rally in risk assets, including Bitcoin, will…

---

Filed under: News - @ November 8, 2024 6:27 pm