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Senator Cynthia Lummis Says Holding 1 Million BTC for 20 Years Could Cut U.S. Debt in Half
April 14, 2025
US Bitcoin
Senator Cynthia Lummis has reiterated the plan for the U.S. to acquire 200,000 Bitcoin annually over the next five years to address the ballooning national debt. In a conversation, Lummis discussed the strategy, which would accumulate 1 million Bitcoin—roughly 5% of the total global supply. By holding onto this Bitcoin for 20 years, Lummis envisions that it could contribute to reducing the nation’s debt by 50%. This strategy is based on sophisticated financial models that highlight Bitcoin’s potential as a significant long-term asset for national fiscal policy.
Strategy Supported by Fiscal Responsibility
Lummis stressed that the success of this Bitcoin-backed approach would hinge on a Congress committed to fiscal responsibility. She underscored the need to align U.S. revenues with expenditures, advocating for policies that focus on long-term economic stability. According to Lummis, integrating Bitcoin into the country’s financial framework could significantly complement broader efforts to reduce the national debt, making it a critical asset for this goal. She also reflected on the extreme fiscal decisions made during the COVID-19 pandemic, when the U.S. printed more money in just 22 months than in any previous period of history. She argued that this unprecedented increase in dollar supply led to the devaluation of the U.S. dollar. This undermined its ability to serve as a reliable store of value. In light of this, Lummis believes that Bitcoin offers a sound alternative for securing long-term financial stability.
Meme Coins: Entertainment, Not Investment
In addition to her discussion on Bitcoin, Lummis addressed the growing popularity of meme coins. She emphasized that these digital assets should be marketed solely as entertainment rather than as investment vehicles. Highlighting Melania Trump’s meme coin as an example, Lummis praised the proper framing of the asset, which was marketed for entertainment purposes rather than as a serious financial investment. She stressed the need for clear distinctions between legitimate investments and assets that are simply created for fun. These distinctions, she believes, are essential for maintaining market integrity and protecting investors.
Advocacy for Bitcoin in the U.S. Financial System
As a long-time advocate for Bitcoin, Lummis has worked tirelessly to integrate the crypto into U.S. financial strategies. In July 2024, she introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act. This legislation proposed creating a decentralized network of secure Bitcoin vaults managed by the U.S. Department of the Treasury to acquire one million Bitcoin. Lummis has also previously showcased her support for the crypto community by adopting the widely recognized laser eye meme. Bitcoin enthusiasts often use this symbol to express their optimistic views and unwavering confidence in BTC’s future potential.
Allow me to reintroduce myselfpic.twitter.com/5B220IILhr
— Senator Cynthia Lummis (@SenLummis) January 25, 2025
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