Senator Lummis proposes a Strategic Bitcoin Reserve to cut the $36 trillion US debt in half and strengthen the Dollar’s global position.
Senator Cynthia Lummis has proposed creating a Strategic Bitcoin Reserve as a way to tackle the massive $36 trillion national debt and strengthen the US dollar’s global position. She argues that Bitcoin’s value growth could significantly reduce the debt over the next two decades.
Lummis believes this reserve would correct financial mistakes made by past generations and relieve the economic strain on younger Americans. She sees Bitcoin as a tool that can offset debt while reinforcing the US dollar as the world’s dominant currency.
In a recent interview, Lummis explained that a Bitcoin reserve could potentially cut the debt in half. She pointed out that Bitcoin has historically grown at an annual rate of about 55%, though she expects this to slow over time, dropping to…
