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 Bitcoin {{BTC}} over five years.
He said Bitcoin will be held for at least 20 years.
“This is the solution. This is the answer. This is our Louisiana purchase moment,” the Wyoming senator said on stage after former President Donald Trump spoke and supported the idea of a bitcoin reserve.
At current prices, 1 million Bitcoins are worth approximately $68 billion.
Read more: Trump Backs US Bitcoin Reserve, Says Democrat Win Would Be Disastrous for Crypto: ‘You’re All Gone’
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