Bitcoin: The New Gold Rush? Senator Lummis Thinks So! 💰😄

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In a world teetering on the brink of existential dread, Senator Cynthia Lummis, with a fervor reminiscent of a Dostoevskian character, implores the United States to clutch tightly to at least 5% of the global Bitcoin supply. Ah, the irony! Just as we hoard our gold, so too must we embrace this digital currency, which, in its essence, is but a reflection of our own greed and ambition.

“Bitcoin Is Digital Gold”

With a glint in her eye, Lummis points to the states—those bastions of innovation—where Arizona, Texas, and New Hampshire have taken the lead in crafting legislation to secure Bitcoin reserves by 2025. Over 30 states, like eager children in a candy store, are contemplating similar proposals. “The innovation is happening at the state level,” she declares, as if the states are the true heroes in this grand narrative. “It’s often led from the states, and this time is no different.”

Global Momentum for Sovereign Bitcoin Holdings

Ah, but the plot thickens! Lummis, ever the astute observer, notes the international stage where countries like the United Arab Emirates are beginning to acquire Bitcoin through U.S.-based exchange-traded funds (ETFs). “That’s good for America,” she quips, “because they’re building their sovereign wealth in Bitcoin through an American ETF.” A delightful twist, indeed! Meanwhile, central banks in Europe, including the Czech Republic, are also exploring this digital frontier, as if they too are caught in the throes of a financial fever dream.

A Call for Federal Action

Yet, amidst this cacophony of state-level triumphs, Lummis raises her voice, calling for federal action. “We need to treat Bitcoin like digital gold,” she insists, as if the very fate of the nation hangs in the balance. “We have about 5% of the world’s gold in U.S. reserves. We need to have at least 5% of the world’s Bitcoin as well.” The urgency in her tone is palpable, as if she senses the winds of change sweeping through the corridors of power.

As the global interest in sovereign Bitcoin accumulation swells, Lummis’s message resonates with an almost prophetic urgency, positioning the U.S. to take a leadership role in this brave new world of digital assets. Will we rise to the occasion, or will we falter, lost in the labyrinth of our own making? Only time will tell.

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2025-05-28 13:45