Part 3/7:
In the case of the U.S. federal government, with about $37 trillion in public debt and $120 trillion in unfunded liabilities, the likelihood of it successfully using Bitcoin to alleviate its fiscal woes seems slim. There are doubts about how many Bitcoin it would actually need to meaningfully impact this debt, and whether it could even effectively manage such investments.
The Corporate Level: Bitcoin Treasury Companies
Next, we transition to the corporate realm, where many companies have begun to explore the idea of maintaining a Bitcoin treasury. This involves financial engineering where corporations issue debt and equity to convert the proceeds into Bitcoin.
The Risks of Corporate Bitcoin Holdings