“BitBonds are like regular bonds in the sense that Treasury would allocate 90% of the bond to fund the government. But it would then use the remaining 10% of funds to purchase bitcoin…Upon maturity, investors would receive 100% of the bitcoin upside up to 4.5% of the total compounded return. After this benchmark is reached, investors would receive
50% of all remaining bitcoin upside. Meanwhile, the government would keep the other 50% of remaining bitcoin upside to supply the strategic bitcoin reserve.”
Sam Lyman, Forbes
Sounds crazy, but the Mayor of New York City—the global finance capital—has already propositioned a Bitcoin-backed bond.
There are dozens of other creative, budget-neutral ways the government could accumulate Bitcoin.
While it may or may not be imminent, everyone is underestimating a world where there is a nation-state race to accumulate bitcoin.