US Senator Cynthia Lummis: If we set up a strategic reserve of 1 million Bitcoins, it could reduce half of America's debt in the next 20 years
The proposer of the "Bitcoin Strategic Reserve Act" and Chairwoman of the Senate Banking Digital Assets Subcommittee, Cynthia Lummis, stated that if we use 5% of the total amount of Bitcoin (about 1 million Bitcoins) to establish a reserve, then US debt can be reduced by half within the next 20 years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US Dollar Index rose to 97.844, and the euro depreciated to 1.1779 US dollars.
Third Point, led by Dan Loeb, to launch BDC fund amid credit default concerns
Trending news
MoreThe US Dollar Index rose to 97.844, and the euro depreciated to 1.1779 US dollars.
According to the latest documents disclosed by the U.S. Securities and Exchange Commission (SEC), Chevron has explicitly stated its plan to continue transporting crude oil extracted from its Venezuelan assets to the U.S. market and other regions around the world.