Quick Summary:

  • Senator Lummis wants the U.S. to build a Bitcoin reserve.

  • She suggests starting with government-held crypto funds.

  • The goal: 1 million BTC in 20 years to help cut national debt.

💡 What’s the Idea?

Senator Cynthia Lummis spoke with Bloomberg on June 3. She shared a new plan: the U.S. should build a national Bitcoin reserve.

  • Her goal is to hold 1 million Bitcoins.

  • That’s about 5% of all Bitcoin that will ever exist.

  • The reserve could help cut U.S. debt over time.

🏦 Where Would the Bitcoin Come From?

Senator Lummis suggests using digital assets held by the U.S. Marshals Service.

  • These are forfeited funds already held by the government.

  • Some are in Bitcoin and other crypto.

  • Lummis says this plan could start now, without needing new laws.

But she also said that a law will be needed later to protect the reserve from future political changes.

🟠 Why Only Bitcoin?

Lummis believes only Bitcoin should be used for the reserve.

Here’s why:

  • It uses proof-of-work mining, making it strong and secure.

  • It’s different from other cryptos that may not be as stable.

  • It’s the most trusted digital asset, in her view.

📉 Fighting U.S. Debt with Bitcoin

Lummis wants the U.S. to:

  • Buy and hold 1 million BTC over 20 years.

  • Use it as a long-term national asset.

  • Possibly reduce the national debt by half if Bitcoin’s price keeps going up.

She believes this plan fits with America’s long-term financial goals.

🥇 Bitcoin vs. China

Lummis also said that U.S. military leaders in Asia support this idea.

She said a Bitcoin reserve would help the U.S. stay strong in the global economy, especially when competing with China.

It would be just as important as holding oil or other national resources.

🧠 Lummis on Digital Asset Growth

Senator Lummis praised President Trump for supporting Bitcoin.

She said more Americans should learn about crypto and invest early.

As digital money grows, she believes it will play a bigger role in the U.S. economy.

Disclaimer: This article is for informational purposes only. It is not financial advice. Always do your own research before making any investments.

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