The American senator of the Republican Party, Cynthia Lummis, said that accumulating a 1 million bitcoin (BTC) could reduce the United States debt, which exceeds 36 billion dollars, in half, in two decades.
This proposal, included in the Bitcoin bill Recently reintroduced in Congressseeks to acquire 200,000 BTC per year for five years, equivalent to 5% of the global supply, of 21 million currencies, and keep them for 20 years.
Lummis stood out in a recent interview that this strategy, combined with a more committed congress to balance income and expenses, I could eliminate debt. «It is the only vehicle that I found that it will achieve that,» he said.
«If you buy 200,000 bitcoin a year for five years, for a total of 1 million bitcoin, which is 5% of the world supply, you keep it for 20 years, and with some of the best available models, our national debt would be reduced by half, that changes the rules of the game,» explained the senator.
The legislator, known for her support for the BTC ecosystem and cryptocurrencies, has previously defended The use of bitcoin as a tool to address high levels of debt. In his words, a BTC reservation has potential to help «to correct the mistakes we made with the youngest generations and the generations to come with respect to our debt and poor fiscal management.»
This approach, according to Lummis, would not only stabilize the economy, but would also correct historical tax imbalances. His vision is based on the projected appreciation of the value of Bitcoin, which he considers An asset with the capacity to transform the macroeconomic situation of the country.
The Bitcoin bill, as reported by cryptootics, establishes the guidelines for this strategic accumulation. The initiative, which has generated debate in the Capitol, proposes That the federal government acquires and maintains Bitcoin As a reserve, an idea that Lummis describes as innovative.
Lummis also stressed the need for a broader legislative commitment. For her, the accumulation of Bitcoin must be accompanied by policies that align expenses with federal income. This combination, according to its projections, would allow not only to reduce debt, but also avoid its uncontrolled growth.
American debt, which has reached record levels and currently exceeds USD 36 billion (trillionsin English), represents a structural challenge that, if not addressed, could compromise future economic stability of that country.
Bitcoin within the economic debate
The context of the proposal comes at a time when Bitcoin has earned attention as a financial asset. Its adoption by institutional investors and their recognition in some political sectors have strengthened their position in the economic debate.
However, the idea of integrating it as a national reserve faces criticism. Some legislators and economists question the volatility of the asset and the risks associated with a strategy dependent on their future value. Lummis, meanwhile, insists that the models used in its proposal are solid and that Bitcoin’s growth potential exceeds uncertainties.
The reintroduction of the Bitcoin bill marks a significant step in Lummis’s efforts to integrate BTC into economic policy. The text, which details the gradual purchase of one million BTC, seeks to establish a precedent in the management of digital assets by the government.
Although the project must still overcome legislative obstacles, its presentation reflects a growing interest in exploring unconventional solutions for chronic fiscal problems. The senator, a native of Wyoming, stressed that her condition has already adopted regulations favorable to cryptocurrencies, which reinforces his conviction in Bitcoin’s potential.
As the Bitcoin bill advances in Congress, Lummis’s proposal will continue to be a focal point in the debate About the role of cryptocurrencies in economic policy. The next few weeks will be key to determining if your vision achieves the necessary support. For now, the senator continues to advocate for an approach that, according to her, could transform the Finance of the United States.