Sen. Lummis to Launch Bitcoin Reserve? This New Crypto Could Surge 100X

The strategic Bitcoin reserve is taking shape now as Senator Cynthia Lummis shared her vision.

How realistic is this idea?

Let’s unpack the benefits – and pitfalls – of Lummis’ proposal.

Bear with me as I present you with a calculation-heavy, highly speculative – and still oversimplified – outlook for the future of the Bitcoin strategic reserve.

When Ambition Meets Mathematical Reality

Not every day does a Senator say on national TV the government plans to exchange billions worth of its official currency for crypto.

At current prices, the Bitcoin reserve would be worth $100B. The US national debt is over $36T. Lummis expects the reserve to cover 50% of the debt in 20 years, or approximately $18T (assuming the debt doesn’t increase – which it likely would).

To achieve this, $BTC would either have to hit $18M per token, or the government would have to find creative ways to generate profit from it.

The first scenario means a 17,900% increase from the current level. That’s modest compared to $BTC’s actual 166,025,905% surge since its launch, but it would bring $BTC’s market cap to over $356T.

The total value of all money globally in USD is just $80T.

The math doesn’t add up.

20-Year Outlook: Could Crypto Replace National Currencies?

A more viable solution would be for the government to issue investment instruments like T-bills (BTC-bills?), options, or indexed bonds linked to $BTC. Then, generate revenue from selling these to investors globally.

Either way, the value and role of $BTC in the US economy would be massive. And this would likely lead to further depreciation of the dollar.

Could all governments ditch fiat and adopt crypto as their national currencies in 20 years? Ten years ago, people would call you crazy for even asking this, but now, it’s pretty plausible.

No country would proclaim the highly volatile $PEPE as their national currency, but $BTC, with its reputation of digital gold, or stablecoins, could be viable alternatives to fiat.

It’s early to judge if Lummis’ proposal is absurd or genius.

But it surely is a major step toward mainstream crypto adoption by institutions and governments and could drive $BTC to unprecedented heights.

Best Wallet – The World’s First Presale Wallet to Secure Your Share of $BTC’s $18T Future

While $356T is a stretch, Coinbase CEO predicts $BTC market cap to soon hit that of gold – $18T, which means one $BTC would cost $908K.

If you hold even a fraction of a $BTC (or any other crypto, for that matter), you need a reliable wallet to store all that wealth.

Best Wallet is a non-custodial hot wallet, so only you hold your private keys. On top of that, it’s mobile-first, so you can sell, buy, swap, and stake crypto anytime from one intuitive interface.

Beyond $BTC, Best Wallet supports hundreds of assets across all popular networks. This includes presale tokens, which you can buy directly through Best Wallet’s Token Launchpad.

In fact, it’s the first and only presale wallet in the world. This unique advantage could help Best Wallet achieve its goal of capturing 60% of the sector by 2026.

The ecosystem’s native token, $BEST, gives its holders early access to new projects, higher staking yields, lower fees, and governance rights.

You can still buy $BEST at $0.023775 on presale, after which it would list on exchanges and likely surge in value.

Final Remarks

While Lummis’s Bitcoin reserve idea might not slash the national debt in half, the very fact that government officials are taking crypto this seriously is huge.

Now is the perfect time to prepare for the crypto revolution with a wallet that matches your ambition. To join the Best Wallet ecosystem, visit the official presale website and buy $BEST using $USDT, $ETH, or a card.

Meanwhile, we remind you to DYOR before investing in any asset, whether it’s $BTC or a hot presale crypto.