Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Trump and Lummis push for U.S. Bitcoin reserve
    Bitcoin
    Bitcoin
    Fintech

    Trump and Lummis push for U.S. Bitcoin reserve

    By Estrella QianDecember 23, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Trump and Lummis advocate for a U.S. Bitcoin Reserve.
    • The reserve aims to offset national debt and expand digital markets.

    What happened: Trump plans to offset debt, dominate digital capital markets

    Former President Donald Trump, along with U.S. Senator Cynthia Lummis, has proposed the creation of a U.S. Bitcoin Reserve to tackle national debt and solidify the dollar’s role in the digital economy. Trump confirmed plans to establish a strategic Bitcoin reserve, akin to the U.S. oil reserve, aiming to generate $16 trillion to $81 trillion in value.

    Additionally, Lummis introduced a bill suggesting the Treasury purchase 200,000 Bitcoin annually to build a reserve of 1 million Bitcoin. Prominent crypto advocates, including Michael Saylor, see Bitcoin as a way to vastly expand global digital markets and position the U.S. at the forefront of this emerging industry.

    Also read: Arthur Hayes predicts crypto dump at Trump’s inauguration
    Also read: Bitcoin soars past $100,000 as Trump 2.0 stirs crypto euphoria

    Why it is important

    The push for a U.S. Bitcoin Reserve is significant because it marks a bold step toward integrating cryptocurrency into mainstream U.S. economic policy. With the U.S. national debt surpassing $36 trillion, Trump’s and Lummis’ proposal represents an attempt to address financial challenges by leveraging Bitcoin’s potential as a store of value.

    The reserve, if implemented, could provide a hedge against inflation, stabilize the U.S. dollar, and create a new framework for U.S. economic power in the digital age.

    By accumulating Bitcoin, the U.S. could not only secure its financial future but also assert its dominance in the rapidly growing digital capital markets. Advocates like Michael Saylor believe that digital assets, led by Bitcoin, could expand global markets from $2 trillion to $280 trillion, with the U.S. capturing a significant share of that wealth.

    Additionally, the surge in Bitcoin-related demand could strengthen U.S. Treasuries, ensuring continued global financial leadership while adapting to new economic realities shaped by blockchain and digital currencies.

    Bitcoin cryptocurrency Trump
    Estrella Qian

    Estrella is an intern reporter at BTW Media, having studied IHRM at University of Reading. She specializes in IT infrastructure and AI. You can reach out to her at estrella.qian@btw.media.

    Related Posts

    The future of AFRINIC: Rebuilding trust after controversy

    July 29, 2025

    AFRINIC’s governance in crisis: Is liquidation the only legal path forward?

    July 28, 2025

    How AFRINIC’s fall impacts African internet startups and SMEs

    July 28, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.