PANews reported on April 1 that according to The Block, the US think tank Bitcoin Policy Institute proposed to issue "BitBonds" (Bitcoin-enhanced US bonds) to support President Trump's executive order to establish a strategic Bitcoin reserve. The annual interest rate of the bond is only 1%, but 10% of the issuance proceeds will be used to purchase Bitcoin, which can both ease the federal debt burden and expand the strategic Bitcoin reserve. The think tank estimates that the plan may save up to $700 billion in interest expenses over ten years.