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Bitcoin Policy Institute Endorses Bitcoin for America Act, Launches Tax Model
Bitcoin for America Act Endorsement
- The Bitcoin Policy Institute endorses the Bitcoin for America Act of 2025.
- The act allows citizens to pay taxes with Bitcoin and directs these funds to a national Bitcoin reserve.
New Financial Tool
- BPI launched a Bitcoin Tax Payment Model tool to illustrate the fiscal benefits of Bitcoin accumulation.
- This tool models the impact of tax payments made in Bitcoin on the federal reserve.
Strategic Implications
- The bill, introduced by Congressman Warren Davidson, frames the Bitcoin reserve as essential for state security.
- It emphasizes the risk of the US falling behind countries like China and Russia in cryptocurrency reserves.
Potential Economic Impact
- The model predicts significant financial gains from partial tax payments in Bitcoin.
- A scenario with 10% of taxes paid in Bitcoin projects a net advantage of $1.11 quadrillion by 2050.
- A more modest scenario with 1% participation suggests a $34.6 trillion benefit, potentially eliminating current US debt.