Bitcoin Bonds: VanEck’s Proposal for Refinancing Trillion-Dollar US Debt

VanEck’s head of research has proposed a novel solution to refinance the U.S. debt burden, proposing “BitBonds” – Treasury bonds partially backed by Bitcoin (BTC). Matthew Sigel presented this idea at the Strategic Bitcoin Reserve Summit 2025, outlining the potential benefits and risks. 10-year BitBonds would combine 90% of traditional US debt with 10% Bitcoin exposure, appealing to both the U.S. Treasury and investors globally. Even if Bitcoin’s value plummets, these bonds would allow for significant savings in refinancing $14 trillion in maturing debt over the next three years.