The post Senator Lummis Wants 1 Million Bitcoin to Slash National Debt appeared first on Coinpedia Fintech News
Can Bitcoin help reduce America’s $33 trillion debt? Senator Cynthia Lummis believes it can and she’s outlined a bold plan to make it happen.
In a recent Bloomberg interview, Lummis revealed her proposal to create a U.S. Bitcoin reserve, aiming to secure one million BTC, around 5% of the total supply, over the next 20 years.
Her vision goes beyond investing. It’s about turning Bitcoin into a strategic asset that could reshape the country’s financial future.
Using Govt. Crypto to Kickstart the Reserve
Lummis suggested starting the reserve with digital assets already held by the U.S. Marshals Service, specifically from asset forfeiture funds. These funds, some of which are in crypto, could lay the foundation for the first year, without needing new legislation right away.
Still, she acknowledged that clear legal protections would be necessary later on to keep the reserve safe from political shifts.
Why Only Bitcoin? Lummis Makes Her Case
Lummis stressed that this reserve should focus only on Bitcoin. Why? Because of its proof-of-work mining model, which makes it more secure and reliable compared to other cryptocurrencies.
In her view, Bitcoin stands out as the best choice for a long-term national reserve. The core of Lummis’ plan is to acquire and hold one million Bitcoin over 20 years. She believes that if Bitcoin’s value rises as expected, the U.S. could use the reserve to cut the national debt in half.
Lummis also tied the idea to global strategy, saying a U.S. Bitcoin reserve could be just as important as oil reserves, especially in the ongoing economic rivalry with China.
She mentioned that top U.S. military officials in Southeast Asia back the idea and see Bitcoin as a valuable strategic asset.
A Nod to Trump
Lummis went on to praise President Donald Trump for his early investments in Bitcoin. She called him a forward-thinker when it comes to digital assets and encouraged more Americans to see the value in early crypto adoption.
As the digital economy grows, she believes this mindset will become increasingly important.
If this plan takes off, it could mark a major shift in how the U.S. manages its economy and how Bitcoin is seen as a tool for national strength.
