Fight Inflation With Bitcoin: Cynthia Lummis Calls For US To Buy 1 Million BTC 🇺🇸
Senator Cynthia Lummis from Wyoming has proposed a bold idea aimed at transforming U.S. fiscal policy. She suggests that the U.S. government should create a strategic Bitcoin reserve by purchasing one million Bitcoins over a five-year period. This proposal is expected to be presented as law in the coming days.
Lummis believes that this initiative would help combat inflation and strengthen the U.S. financial position. By establishing a Bitcoin reserve, the government would be leveraging the decentralized and deflationary properties of Bitcoin against economic instability.
Though the proposal is ambitious, it has stirred considerable debate in financial and political circles. Advocates argue that adopting Bitcoin could provide a hedge against traditional financial system weaknesses, while critics question the feasibility and potential risks involved.
The proposal is likely to undergo rigorous scrutiny and discussion before any legislative steps are taken. If accepted, it would mark a significant shift in U.S. monetary policy, emphasizing the growing importance and mainstream acceptance of cryptocurrencies.
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