📊 Exciting news from Senator Cynthia Lummis who spoke about plans to create a strategic Bitcoin reserve in the US! 💰 Following Donald Trump’s victory, Lummis has once again echoed her vision of holding Bitcoin as a hedge against economic instability and inflation. 🌟
In a tweet on November 6, Lummis recalled this plan that was discussed at the Bitcoin 2024 conference in Nashville. 🗣️ She mentioned that she would be using $12 billion of existing US Bitcoin holdings for this purpose. If this plan comes to fruition, many believe it could be a big step for the US and the asset itself! 🚀
Support for Lummis’ plan is so overwhelming that many Americans have signed a petition to urge Congress to move forward with the policy. 📜 With over 200,000 BTC in hand, the US is the largest government holder of Bitcoin. Lummis argues that Bitcoin is a “strategic asset,” much like gold is used to secure the economy in times of trouble. 🏦
They hope that this Bitcoin reserve will bring additional stability to the US amid market uncertainty. 💡 However, there are challenges, as Bitcoin's price volatility could be a risk if used as a reserve. 😬
