Part 6/10:
Lummis contends that Bitcoin's long-term growth could play a pivotal role in reducing U.S. national debt by half over the next two decades. By doing so, she argues, it could protect against inflation and bolster the U.S. dollar's standing on the global stage.
State-Level Initiatives as Precedent
Legislative efforts surrounding Bitcoin are not solely confined to the federal government. For example, Pennsylvania has recently introduced a bill allowing its treasury to allocate up to 10% of state funds in Bitcoin. If successful, such state-level initiatives could establish a precedent that paves the way for the federal adoption of a strategic Bitcoin reserve.