US Senator Cynthia Lummis believes a Bitcoin reserve could address the nation’s $35 trillion debt. She advocates for the Bitcoin Act, which repurposes gold certificates to their current value, enabling BTC purchases over five years.
Lummis targets acquiring 1 million BTC, about 5% of the total supply, and storing them for 20 years. She argues this strategy could halve the national debt by 2045 without additional fiscal strain.
Addressing US dollar devaluation, Lummis emphasizes BTC's scarcity and potential as a diversifier. She predicts an international competition for Bitcoin dominance, noting increased constituent support for the Bitcoin Act.
The push for a Bitcoin reserve aligns with former President Trump’s vision of the US as a global crypto leader. Trump and Lummis advocate for robust Bitcoin reserves to prevent nations like China from gaining financial supremacy.
