U.S. Treasury Secretary’s Wild Bitcoin Plan: Can It Save Us from $37 Trillion Debt? 🤔💸

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So, Scott Bessent, our beloved U.S. Treasury Secretary, has decided to drop a bombshell: the Trump administration is all in on Bitcoin! 🎉 Yes, you heard that right! They’re planning to create a strategic Bitcoin reserve (SBR) because apparently, that’s the magic solution to our $37 trillion debt crisis. Who knew? Maybe we should just start printing Bitcoin instead of dollars! 💰

In a recent post on X (formerly known as Twitter, because rebranding is what we do now), Bessent revealed that the U.S. will be building this shiny new SBR from the $15 billion to $20 billion worth of Bitcoin that the federal government has, you know, just lying around. Because who doesn’t have a few billion in crypto tucked away in their couch cushions? 🛋️

“Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the Bitcoin superpower of the world,” Bessent declared. Because nothing says “superpower” like a digital currency that fluctuates more than my mood on a Monday morning! 😜

Senator Lummis Proposes Bitcoin Act

Enter Senator Cynthia Lummis, who’s like the superhero of Bitcoin legislation. She swoops in to say, “Hold your horses, folks! We can’t just buy our way out of this $37 trillion mess with Bitcoin.” I mean, who knew? 🙄

Instead, she suggests we revalue our gold reserves to today’s prices. Because nothing screams “financial strategy” like playing Monopoly with our national assets! 🏦 And of course, she’s all about that budget-neutral path to building the SBR, which includes getting the Bitcoin Act passed faster than you can say “cryptocurrency.”

.@SecScottBessent is right: a budget-neutral path to building SBR is the way. We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR.

America needs the BITCOIN Act.

– Senator Cynthia Lummis (@SenLummis) August 14, 2025

Bigger Picture

Now, let’s zoom out for a second. The demand for Bitcoin as a hedge against inflation is skyrocketing, and it’s causing a supply vs. demand shock that’s more dramatic than a reality TV show finale. 📈 Institutional investors are diving into Bitcoin like it’s the last lifeboat on the Titanic, and the bullish outlook is as strong as my coffee on a Tuesday morning! ☕

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2025-08-15 01:04