Senator Lummis: US Must Hold 5% of Global Bitcoin
Senator Cynthia Lummis urges the US to secure at least 5% of the global Bitcoin supply for economic resilience.
- Senator Lummis pushes for Bitcoin in national reserves.
- Advocates for US leadership in digital asset adoption.
- Highlights Bitcoin’s role in future economic security.
In a bold statement that underscores the growing importance of cryptocurrency in geopolitics, Senator Cynthia Lummis has advocated for the United States to hold “at least 5% of the world’s Bitcoin” in its national reserves. This proposition is more than just a nod to Bitcoin’s rise; it signals a potential shift in how nations may approach digital assets as part of economic strategy and resilience.
Senator Lummis, known for her pro-crypto stance, suggests that incorporating Bitcoin into the US Treasury could enhance financial stability, hedge against inflation, and ensure the country remains at the forefront of technological and monetary innovation.
Bitcoin as a Strategic Asset for the US
Lummis’ proposal highlights the strategic value of Bitcoin. By holding a significant share of the total global supply—estimated to be 21 million coins—the US could assert dominance in a rapidly evolving financial landscape.
Bitcoin, often dubbed “digital gold,” has gained traction as a hedge against traditional economic vulnerabilities. Countries like El Salvador have already made strides in adopting Bitcoin at the national level. Lummis believes the US should not fall behind and instead set a global example by integrating Bitcoin into its fiscal policy.
Why 5% Matters
The suggestion to secure 5% of the world’s Bitcoin is not arbitrary. It reflects a desire for the US to future-proof its economy and assert leadership in a decentralized financial future. As more governments explore central bank digital currencies (CBDCs) and blockchain innovation, Bitcoin could serve as a reserve asset that complements, rather than competes with, traditional holdings.
By proactively investing in Bitcoin reserves, the US could reinforce its global economic influence while embracing a more resilient, tech-forward monetary system.
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