Bitcoin

Senator Lummis Proposes US Buys 1 Million Bitcoins to Reduce National Debt

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4 months ago

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NASHVILLE — U.S. Sen. Cynthia Lummis plans to introduce legislation calling for a “strategic bitcoin reserve” that would reduce the U.S. national debt with the purchase of 1 million bitcoins (BTC) over the course of five years.

Bitcoin would be held for at least 20 years, she said.

“This is the solution. This is the answer. This is our Louisiana Buy moment,” the Wyoming senator said on stage after former President Donald Trump. he spoke and endorsed the idea of ​​a bitcoin reserve.

At current prices, 1 million bitcoins is worth around $68 billion.

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