Newmarket Capital CEO Andrew Hohns proposed the idea of "Bit Bonds," a type of U.S. Treasury bond that incorporates Bitcoin, at the Bitcoin for America conference. Hohns suggested issuing $2 trillion in Bit Bonds, with 90% of the funds used for government purchase and 10% allocated to buying Bitcoin. This would allow the U.S. government to acquire $200 billion worth of Bitcoin, while saving $554 billion in 10-year interest rates. Bit Bonds would offer a lower interest rate of 1% compared to U.S. Treasuries, making them attractive to foreign investors. Investors would also receive a share of the upside of the Bitcoin purchase, potentially earning attractive returns ranging from 7% to 17% annually on a tax-free basis. Hohns also suggested making Bit Bonds available to American citizens as a tool to defend against inflation, offering tax benefits for investors.



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