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US Senator Lummis: BTC is the only way for the US to escape the $36 trillion debt vortex.
[Senator Lummis: BTC is the only way for the U.S. to escape the $36 trillion debt vortex] U.S. Senator Cynthia Lummis delivered a speech in Congress, stating that the U.S. no longer has time or traditional options; it will either default, leading to collapse and a vicious Inflation, or use Bitcoin and technology to escape the predicament. The "Bitcoin Act" will be the only solution to the U.S.'s $36 trillion debt, and the related initiative has already received Trump's support. If the "Bitcoin Bill" is enacted into law, the United States will purchase 200,000 Bitcoins annually over the next five years, thereby creating a reserve of at least 1 million Bitcoins held for at least twenty years. According to previous estimates by VanEck, if the U.S. follows this roadmap, the Bitcoin reserve could offset up to $21 trillion in national debt by 2049.