United States Senator Cynthia Lummis has proposed a significant move for the US government to purchase 5% of the global Bitcoin supply. This strategic initiative aims to use Bitcoin as a financial tool to help manage and potentially reduce the national debt.
The proposal reflects an increasing interest in cryptocurrency among US policymakers and highlights Bitcoin's potential role in national economic strategies.
However, the plan would require substantial governmental coordination and faces numerous challenges, including the volatile nature of cryptocurrency markets and regulatory considerations.