Senator Lummis Proposes Bitcoin Reserve to Lower US Debt

Senator Cynthia Lummis is advocating for the creation of a Strategic Bitcoin Reserve aimed at reducing the $36 trillion national debt and bolstering the US dollar’s global standing. She believes that as Bitcoin’s value continues to rise, it could significantly decrease the national debt over the next two decades.

Lummis argues that this reserve would help correct past financial missteps and alleviate the economic burden on younger Americans. She envisions Bitcoin playing a role in both cutting debt and reinforcing the US dollar as the dominant global currency.

In a recent interview, Lummis explained that a Bitcoin reserve could potentially halve the national debt. She noted that Bitcoin has historically increased in value by 55% annually, though she expects this growth rate to decline to 45%, 35%, and eventually 25%. Nevertheless, she believes that acquiring Bitcoin now could substantially reduce US debt in the long term.

Lummis also pointed to Robert F. Kennedy Jr.’s similar strategy and echoed the idea that a large Bitcoin reserve could eliminate the national debt. Earlier this year, Lummis introduced the BTC Act, proposing that the US government purchase 1 million Bitcoins as part of its financial strategy. Her appointment as the first chair of the Senate Banking Subcommittee on Digital Assets further solidifies her leadership in crypto policy.

Public support for recognizing Bitcoin as a national reserve asset is increasing. Dennis Porter, founder of the Satoshi Action Fund, reported that over 3,300 letters have been sent to Congress urging the recognition of Bitcoin as a strategic asset. This movement gained further attention when former President Donald Trump issued an executive order to establish a national digital asset stockpile, though without specifically