There’s some exciting news straight from the Bitcoin Conference in Nashville! Senator Cynthia Lummis is making bold moves to secure America’s financial future. She’s proposing a game-changing legislation to establish a “strategic bitcoin reserve” aimed at reducing the national debt. How? By purchasing 1 million Bitcoin over the next five years.
Lummis brought a copy of her bill to the stage, emphasizing that this reserve would hold the Bitcoin for at least 20 years. She believes this initiative could be the modern equivalent of the Louisiana Purchase, a transformative step for the nation. Just to give you an idea, 1 million Bitcoin is worth about $68 billion at current prices.
Senator Lummis’s vision is clear: this reserve is the solution to bolster the U.S. economy and fight rising national debt. This move was also endorsed by former President Donald Trump, who spoke right before Lummis, adding significant weight to the proposal.
This isn’t just another policy proposal—it’s a revolutionary step that could cement the U.S. as a leader in financial innovation and ensure a brighter economic future for generations to come. Stay tuned as this legislation makes its way through Congress!
