At a big Bitcoin meeting in Nashville, U.S. Senator Cynthia Lummis from Wyoming had a bold idea. She suggested the U.S. government should buy a lot of Bitcoin – 1 million to be exact – over the next five years. Why? She believes it could help lower the country’s debt.

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• Senator Cynthia Lummis proposes the U.S. buy 1 million bitcoins over five years to lessen national debt.
• She recommends keeping the Bitcoin for at least 20 years, likening this tactic to the Louisiana Purchase.
• The proposal has received support from former U.S. President Donald Trump. As of now, 1 million bitcoin is worth roughly $68 billion.

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Senator Cynthia Lummis Proposes Bitcoin for U.S. Debt

Senator Lummis brought her detailed plan to the meeting. She explained that once the Bitcoin is bought, it shouldn’t be sold for at least 20 years. She thinks this plan could be as big as the Louisiana Purchase, a famous land deal from American history.

Even former President Donald Trump thinks this is a good idea. His support shows that more and more important people are starting to like the idea of Bitcoin and other digital money. This might mean other lawmakers consider Bitcoin a good way to invest money and lower debt.

Currently, 1 million Bitcoin is worth a huge amount of money – about $68 billion. If Senator Lummis’s plan happens, it could change how the U.S. handles money. This big Bitcoin purchase could also show other countries that they should think about doing the same thing.

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