Cynthia Lummis presented her Bitcoin Reserve Strategy Bill to utilize Bitcoin as a national reserve asset, proposing an initial acquisition of 20 billion USD worth of Bitcoin.
The initiative could significantly reduce the national debt by half over a 20-year timeframe without requiring taxpayer contributions, emphasizing a strategic shift in asset management.
Lummis’s proposal could foster broader institutional adoption of Bitcoin, as it highlights Bitcoin’s role as a core strategic reserve akin to gold.
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