Senator Cynthia Lummis thinks we should stash a Strategic Bitcoin Reserve to bail out our country from drowning in debt. 😱💰
She reckons it’s time to let the younger folks off the hook and get creative with our finances. 🎣📈
The Great Bitcoin Reserve Debate
In a recent chat, Lummis spilled the beans about her plan to slash the $36 trillion debt in half using the magic of Bitcoin. 🎩✨
She’s convinced that Bitcoin’s meteoric rise could prop up the good ol’ greenback and keep America’s economic throne warm. 🇺🇸👑
“With Bitcoin backing the dollar and being a global trading ace up our sleeve, we’ve got the ultimate safety net. Plus, it’s a store of value that makes the Grinch green with envy,” Lummis quipped.
Bitcoin’s annual growth rate has been a whopping 55% historically. But Lummis expects it to chill out a bit, settling down to 45%, 35%, and so on. 📉…
Still, she’s betting on a $1 million Bitcoin stash today ballooning to half of our national debt in 20 years. And guess what? Robert F. Kennedy Jr. had a similar hunch. 🤔…
“A Strategic Bitcoin Reserve could fix the financial fiasco my generation cooked up. It’s the one thing that could make a real dent in our debt,” she confessed.
On July 31, 2024, Lummis dropped the BITCOIN Act, calling for a 1 million Bitcoin reserve. She’s also the new kid on the block as chair of the Senate Banking Subcommittee on Digital Assets. 🎖️…
Support for the Strategic Bitcoin Reserve is spreading like wildfire. 15 states are onboard, and Satoshi Action Fund’s Dennis Porter is singing its praises on X (Twitter’s new alias). 🔥…
At least 11 states have Bitcoin bills in the pipeline, and Arizona and Utah are leading the pack with committee approvals. 🏃…
Porter reports that over 3,300 letters have flooded Congress, urging them to embrace Bitcoin as part of a strategic stockpile. This follows President Trump’s EO for a “national digital asset stockpile,” sans mention of Bitcoin. 📩…
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2025-02-03 09:41