Wyoming Senator Cynthia Lummis has announced plans to reintroduce the **“BITCOIN Act”**, aiming to strengthen America’s financial future through strategic Bitcoin adoption. Speaking at the exclusive Bitcoin Policy Institute forum, *“Bitcoin for America,”* Lummis shared her excitement about the updated bill, which now boasts more co-sponsors than its previous version, reflecting growing support for the initiative.
### What’s in the Bitcoin Act?
Originally introduced in July 2024, the bill proposes creating a **U.S. Strategic Bitcoin Reserve** to bolster the dollar and reduce national debt. Key features include:
- Establishing secure Bitcoin vaults under the Treasury Department with top-tier cybersecurity.
- A **1-million Bitcoin purchase program** to acquire roughly 5% of Bitcoin’s total supply.
- Funding the program through existing Federal Reserve and Treasury resources, such as gold reserves.
- Protecting individual Bitcoin holders’ self-custody rights and financial freedoms.
This move builds on former President Donald Trump’s executive order to establish a Bitcoin reserve using existing holdings, though critics note it could be reversed by future administrations unless solidified through legislation like Lummis’s bill.
### Michael Saylor’s $106 Trillion Vision
At the same forum, MicroStrategy Chairman **Michael Saylor** outlined how the U.S. could benefit from a strategic Bitcoin reserve. He projected potential earnings of **$106 trillion** if the U.S. adopts a disciplined, long-term Bitcoin acquisition strategy.
Saylor highlighted that even holding **200,000 Bitcoin** for 20 years could yield $3 trillion in value without active trading. He emphasized that the proposed **1 million BTC reserve** could grow to **$16 trillion**, while a more aggressive strategy, like acquiring **4 million BTC**, could generate **$73 trillion**.
Saylor’s most ambitious projection involves the U.S. consistently acquiring Bitcoin daily until 2035, when 99% of Bitcoin’s supply will be mined. This could result in a **5.5 million BTC reserve**, valued at **$106 trillion**, potentially neutralizing the national debt and solidifying the U.S. as a global financial superpower.
### Why This Matters
The BITCOIN Act represents a bold step toward integrating Bitcoin into U.S. financial strategy. If passed, it could not only secure the nation’s economic future but also position the U.S. as a leader in the digital asset era.
What are your thoughts on the U.S. holding Bitcoin as a strategic reserve? Could this be the key to solving national debt and maintaining global dominance? Let’s discuss!
*Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.*
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