US Senator from Wyoming, Cynthia Lummis, has proposed that the government should create a strategic Bitcoin reserve. In a recent post on X, she emphasized that the U.S. national debt has exceeded $35 trillion. She believes that establishing a Bitcoin reserve could help mitigate the nation's growing economic issues.
Lummis' advocacy for Bitcoin comes amid concerns about the sustainability of the U.S. national debt. She posits that Bitcoin, as a decentralized and deflationary asset, could provide financial stability and a hedge against inflation.
This idea has sparked discussions among policymakers and the wider crypto community. While some see it as a forward-thinking solution, others remain skeptical about the feasibility and readiness of Bitcoin for such a critical role in national finance.