US Debt Rescue: Strategic Bitcoin Reserve Proposal

Bold Proposal: Using Bitcoin to Reduce US National Debt

The United States is facing a ballooning national debt of over $37 trillion, putting immense pressure on the economy. Recently, Senator Cynthia Lummis introduced a bold idea: using Bitcoin as a solution to ease this massive burden.

According to her proposal, if the US government holds 1 million Bitcoin (around 5% of the total supply) for 20 years, the national debt could be cut in half. This marks one of the most daring financial strategies ever suggested at the national level.

Building a “Strategic Bitcoin Reserve”

Senator Lummis suggested starting with the Bitcoin seized by authorities and currently managed by the US Marshals Service. These assets could form the foundation of a Strategic Bitcoin Reserve, with the government gradually converting other assets into Bitcoin over time.

She also noted that part of this plan could be executed under presidential authority, without requiring new legislation from Congress.

Long-Term Vision and Legal Framework

Despite its ambitious nature, Lummis emphasized that this plan would only be sustainable if codified into law. She stated:

“Passing legislation for a Strategic Bitcoin Reserve is crucial, as it would prevent future administrations from easily dismantling it.”

If successfully implemented, within the next two decades, the US could harness Bitcoin’s long-term growth potential while reducing national debt, creating a historic shift in economic policy.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.