Cutting US Debt? Senator Lummis Bets on Bitcoin Reserve
Senator Cynthia Lummis said that strategic Bitcoin reserves can be used as financial guarantee and can also solve the means of poor financial management in the past.
Lummis believes that such reserves can help correct the economic burden on the younger generation (especially national debt).
Senator Lumis’s Bitcoin Reserve Push
In a recent interview, Lumis explained Strategic Bitcoin Reserve You can reduce the current debt by half. In 2025, US national debt exceeded $ 36 trillion.
Luxis suggests the United States can Use the appreciation of Bitcoin Support the US dollar as a global reserve currency. She believes that this is essential for maintaining economic stability and favorable trade advantages.
“It ensures that the US dollar is the most popular currency in the world, and then Bitcoin -based currency. It is also a means for global value exchange and storage, so that we can double support the US dollar,” lummis ” explainEssence
In addition, she mentioned that Bitcoin’s historical growth rate was about 55 %. However, she acknowledged that this speed would gradually decline. According to Lummis, in the next two decades, it may be reduced to 45 %, 35 %, 25 %, etc.
Although the growth has declined curveSenate thinks There is a $ 1 million Bitcoin reserve today. Within 20 years, about half of the national debt. She also pointed out that Robert F. Kennedy Jr. uses a similar model. Therefore, Lumis predicts that larger reserves can eliminate the entire debt.
“I studied a strategic Bitcoin reserve, and the ability to grow up and helped me correct the mistakes of my generation by bringing us into this terrible debt. This is the only one I can see. She said.
On July 31, 2024, Senator Lumis Introduced the Bitcoin Act, It is proposed to establish 1 million Bitcoin reserves. Last month, she became the first Chairman of the Digital Assets Group Committee of the Senate Banking Group CommitteeEssence
At the same time, support for strategic Bitcoin reserves is growing. At the state level, 15 states have publicly recognized it, Satoshi Dennis Porter, the founder of the Action Fund, shared on X (previously Twitter).
At least 11 states have proposed bills to establish strategic Bitcoin reserves. In addition, Arizona and Utah approves their suggestions Through committee.
according to For Potter, more than 3,300 letters have been sent to parliament members, advocating that Bitcoin is considered part of the strategic inventory. This was signed by President Donald Trump Administrative orders establish “national digital asset inventory” No Bitcoin is specified.
Exempt statement
persist in Trust project Guide Beincrypto is committed to justice and transparent reports. This news article aims to provide accurate and timely information. However, it is recommended that readers independently verify the facts and consult professionals before making any decision based on this content. Please note, our terms and Conditions,,,,, Privacyand Exempt statement Updated.
