US Senator Cynthia Lummis, in a speech to Congress, said that the US is running out of time and has no traditional options, either default and collapse into hyperinflation, or use bitcoin and technology to get out of trouble. The Bitcoin Act would be the only solution to America's $36 trillion debt, and related initiatives have been supported by Trump.
If the Bitcoin Act is enacted into law, the United States will buy 200,000 bitcoins a year for the next five years, creating a reserve of 1 million bitcoins to hold for at least two decades. According to VanEck's previous estimates, if the United States follows this roadmap, the bitcoin reserve is expected to offset up to $21 trillion of national debt by 2049.
US Senator Lummis: BTC is the only way for the US to get out of the $36 trillion debt vortex
2025-05-03 05:03:53
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