Senator Cynthia Lummis is pushing for the establishment of a U.S. Strategic Bitcoin Reserve (SBR) to tackle the nation’s growing $37 trillion debt burden. She emphasizes that Bitcoin’s limited supply and long-term growth potential make it an effective solution for strengthening America’s financial stability. Senator Lummis believes this reserve could offer a lasting hedge against inflation, similar to gold or oil historically used as safe haven assets. Her proposal comes amidst growing interest from the administration in exploring Bitcoin-backed reserves. Lummis’ statement was met with mixed reactions: while some users agree with her, others are more skeptical about the potential of Bitcoin and its ability to alleviate national debt. However, several military personnel and advocates have expressed support for Lummis’ proposal, highlighting Bitcoin’s potential as a strategic asset during times of geopolitical conflict. This proposal is gaining traction in various circles, including those within the U.S. military, as it could provide a strong countermeasure against economic challenges posed by China. For further insights on this topic and related crypto developments, visit DeFi Planet.