Senator Lummis advocates for a Strategic Bitcoin Reserve to address the U.S.’s escalating national debt, which exceeds 36 trillion USD. She believes Bitcoin’s appreciation could significantly mitigate this debt over the next two decades.
With growing backing, 15 states have endorsed Lummis’s proposal, which includes introducing 13 state bills aimed at creating similar Bitcoin reserves, thus reflecting a significant shift towards recognizing Bitcoin’s potential.
Lummis estimates that a today’s 1 million USD Bitcoin reserve could evolve to counter a significant portion of the national debt over time, enhancing the dollar’s standing internationally.