Cynthia Lummis suggested the US government sell gold & acquire Bitcoin slowly-2 in the next 5 years.
Summary
- Cynthia Lummis suggested selling gold & buying Bitcoin.
- People called Lummis’s proposal the best approach for a budget-neutral strategy of Bitcoin acquisition.
- US Senator Lummis urged the passing of the Bitcoin Act as soon as possible.
Cynthia Lummis is a US Senator from Wyoming, known for her pro-Bitcoin stance. Many times, she defended Bitcoin & Cryptocurrencies at the government level against criticism. Also, she contributed to creating many crypto & Bitcoin-focused bills to make crypto regulation possible under better rules & laws in the jurisdiction of the USA.
On 22 March 2025, Cynthia Lummis proposed a strategy for the US government to follow to acquire Bitcoin.
Lummis proposes that the American government should use its gold reserves to buy 200,000 Bitcoin per year and continue Bitcoin buying at the same rate for the next 5 years.
The US Senator stated that the government should hold the acquired Bitcoin for the next 20 years.
With this strategy, the USA would be able to invest in 1 million bitcoins in 5 years, as well as generate huge wealth for the country’s economy.
Lummis’s Bitcoin acquisition proposal is based on a budget-neutral strategy, which means the govt will not use any funds from the country’s taxpayers’ money.
Here the Bitcoinik.com readers need to know that it is only a proposal & doesn’t mean that strategy will be adopted by the government officials to increase the country’s Bitcoin investment but the most interesting thing is that we can see that it’s a neutral budget strategy & it is much better approach of investing in Bitcoin & there are huge chances for the consideration of this Bitcoin investment strategy by the government.
Cynthia Lummis Supports Probitcoin President Trump
Cynthia Lummis has been a very big supporter of US President Donald Trump, even before the US presidential election. She always remains ready to appreciate & praise the crypto-related leadership of the country’s president.
Just a couple of days ago, Trump’s Executive Director Bon Hines stated that the government wants to collect bitcoin as much as possible. The executive also said that they “view Bitcoin as being digital gold.”
Hines said that Bitcoin is digital gold & we should treat it in the same way.
Lummis retweeted Hines’s tweet regarding his public media statement on Bitcoin.
Three days ago, Lummis raised her voice against the Biden administration’s potential Bitcoin sale behind the doors secretly. Actually, some reports circulated in the media around the secret sale of Bitcoin by the past government. Lummis said that the US government should pass the Bitcoin Act as soon as possible so that audits on Bitcoin holdings could be visible in the public domain, to make things crystal clear.
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