Bitcoin as a Salvation for the US Economy: Cynthia Lummis's Debt Reduction Plan
Date: 2025-11-06 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Senator Cynthia Lummis has once again defended Bitcoin, arguing that digital gold could be the key to resolving the US debt crisis. In an interview with Bloomberg Television, she spoke about the growing interest of federal authorities in the idea of including Bitcoin in government reserves. When asked by a journalist about the possibility of replacing gold with cryptocurrency, Lummis replied that such steps have not yet been taken, but the Donald Trump administration is actively considering ways to accumulate digital assets.
According to the senator, Bitcoin has the unique property of increasing in value over time, making it an effective tool for stabilizing the federal budget. Lummis emphasized that the US debt has already exceeded $37 trillion, and traditional methods of reducing it are proving insufficient.
"I believe that creating a Bitcoin reserve is the only real solution to the national debt problem. I thank President Trump and his team for their support of this initiative and hope for its swift implementation," Lummis stated on social media.
Earlier this year, Lummis, along with Congressman Nick Begich, introduced a bill calling for the creation of a national cryptocurrency fund. According to the bill, the government would purchase 200,000 BTC annually for five years and then hold these assets for at least twenty years. The senators are confident that this strategy will protect the economy from inflationary pressures and strengthen the country's financial stability.
In earlier comments, Lummis noted that by holding approximately 1 million BTC—which represents approximately 5% of the total supply of Bitcoin—the government could reduce its debt burden by at least half within two decades.
The Wyoming senator has long been known as one of the leading Bitcoin advocates in the US Congress. Back in 2022, she proposed allowing the use of Bitcoin in retirement savings plans, considering the cryptocurrency a reliable risk hedging tool. Her proposals often spark heated debate, but Lummis remains steadfast in her position, convinced that Bitcoin has the potential to play a decisive role in the future of the US financial system.
Lummis's initiative thus reflects an increasingly clear shift in Washington's attitude toward digital assets. If the idea of creating a Bitcoin reserve gains congressional support, the US could become the first country to use cryptocurrency as a strategic element of economic policy.
