Senator Cynthia Lummis has introduced the BITCOIN Act, proposing that the U.S. Treasury acquire 1 million bitcoins over five years to establish a strategic reserve aimed at bolstering the dollar and countering inflation.

MicroStrategy Chairman Michael Saylor supports the initiative, suggesting that such an acquisition could potentially reduce the national debt by $16 trillion.

The proposed purchase represents approximately 5% of Bitcoin’s total supply, aligning with the scale of the nation’s gold reserves.

As of November 12, 2024, the U.S. national debt has surpassed $35.9 trillion.

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