🇺🇸 Senator Cynthia Lummis says President Trump supports her bill to purchase 1,000,000 Bitcoin.

Senator Cynthia Lummis has indeed announced a bill to direct the U.S. government to accumulate 1 million Bitcoin, valued at over $68 billion at current prices, as a strategic reserve asset. This move aims to fortify the dollar, stabilize its value, and counter inflation. Here's what's happening ¹:

- *The Bill's Purpose*: The proposed Bitcoin reserve would be held for at least 20 years and used solely to pay down the national debt. Lummis believes this move could be a "game changer" for the U.S. economy, helping to reduce debt and deficits.

- *Donald Trump's Support*: Former President Trump has endorsed the idea of a U.S. Bitcoin reserve, promising not to sell any of the government's existing 210,000 Bitcoin holdings. This support could boost the bill's chances of passing.

- *Potential Impact*: If passed, the bill would position the U.S. as a leader in financial innovation, potentially reducing national debt by half by 2045. The strategic reserve would be managed by the U.S. Department of the Treasury, with secure Bitcoin vaults and strict security requirements.

- *Industry Backing*: The initiative has garnered support from industry figures like Michael Saylor, co-founder of MicroStrategy, and Samson Mow, who emphasized the importance of acquiring Bitcoin below $100,000 due to potential "massive geopolitical ramifications" if its price exceeds $500,000.

While the bill's prospects remain uncertain, Lummis is optimistic about its potential passage, especially with growing bipartisan support.

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