Can Bitcoin help reduce the American debt by 33 billions of dollars? Senator Cynthia Lummis thinks it may be and has described a daring plan to get there.
In a recent Bloomberg interview, Lummis revealed his proposal to create a American bitcoin reserveaimed at obtaining a million BTC, around 5% of the total offer, over the next 20 years.
His vision goes beyond investment. It is a question of transforming Bitcoin into a strategic asset which could reshape the financial future of the country.
Use of Govt. Crypto to launch the reserve
Lummis suggested starting the reserve with digital assets already held by the American Maréchaux servicespecifically based on asset confiscation funds. These funds, some of which are in crypto, could lay the foundations for the first year, without the need for new legislation immediately.
However, she recognized that clear legal protections would be necessary later to keep the reserve safe from political quarters.
Why only Bitcoin? Lummis makes his case
Lummis stressed that this reserve should only focus on Bitcoin. For what? Due to its work-proof extraction model, which makes it safer and reliable compared to other cryptocurrencies.
In his opinion, Bitcoin stands out as the best choice for a long -term national reserve. The heart of the Lummis plan is to acquire and have a million bitcoin over 20 years. She thinks that if the value of Bitcoin increases as expected, the United States could use the reserve to reduce the national debt by half.
Lummis also linked the idea to the global strategy, saying that a reserve of American Bitcoin could be just as important as oil reserves, especially in the current economic rivalry with China.
She said that senior American military officials in Southeast Asia support the idea and considered Bitcoin as a precious strategic asset.
A nod to Trump
Lummis praised President Donald Trump for his first investments in Bitcoin. She described it as avant-garde thought with regard to digital assets and encouraged more Americans to see the value of the early adoption of cryptography.
As the digital economy develops, it thinks that this state of mind will become more and more important.
If this plan takes off, it could mark a major change in the way the United States manages its economy and how Bitcoin is considered a tool of national strength.
