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Senator Lummis proposes US buy 1 million bitcoins to reduce national debt

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6 months ago

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NASHVILLE — U.S. Senator Cynthia Lummis plans to introduce a bill calling for a “strategic bitcoin reserve” that would reduce the U.S. national debt by purchasing 1 million bitcoins {{BTC}} over a five-year period.

Bitcoin would be held for at least 20 years, she said.

“This is the solution. This is the answer. This is our moment to buy Louisiana,” the Wyoming senator said on stage after former President Donald Trump. spoke and endorsed the idea of ​​a bitcoin reserve.

At current prices, 1 million bitcoins are worth about $68 billion.

Learn more: Trump Backs US Bitcoin Reserve, Says Democrat Win Would Be Disaster for Cryptocurrency: ‘Every One of You Will Be Gone’

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