After Donald Trump secured his victory in the 2024 U.S. presidential race, Cynthia Lummis, the Republican senator from Wyoming, jumped on social media with a bold declaration: “We are going to build a strategic bitcoin reserve.”
‘Every Nation Needs a Bitcoin Reserve’
Wyoming’s Republican senator and vocal bitcoin advocate, Cynthia Lummis, couldn’t hide her excitement over Donald Trump’s election victory. In a lively post on X Wednesday, she wrote, “The future is ₿right,” cleverly replacing the “B” in “bright” with the bitcoin symbol. Sharing her enthusiasm with her 129,600 followers, Lummis continued to engage her audience, hinting at what could come of the changes, stating:
We are going to build a strategic bitcoin reserve.
Lummis’s statement comes on the heels of a bill she introduced in late July, aiming to turn federal assets into bitcoin (BTC), leveraging its growing value—all without increasing taxes. Titled the “Bitcoin Strategic Reserve Bill,” the proposal targets an initial purchase of 200,000 bitcoins, with a goal to amass 1 million bitcoins over a five-year span.
On Wednesday afternoon, shortly after Lummis’s X post, Microstrategy founder Michael Saylor jumped into the conversation, posting his thoughts on X about her remarks. “The United States needs a Strategic Bitcoin Reserve,” Saylor posted. “Every nation needs a Strategic Bitcoin Reserve,” BTC proponent Wayne Vaughan replied to Saylor. Another individual wrote:
Every human needs a Strategic BITCOIN reserve.
Lummis’s ambitious plan reflects a shifting perspective within U.S. politics toward bitcoin as a strategic asset. Her proposal signals a significant pivot, with federal involvement in bitcoin potentially reshaping national fiscal policies. If realized, a government bitcoin reserve could introduce a new dynamic into traditional finance, underscoring the currency’s potential role in sovereign wealth strategies.
As lawmakers debate the merits and risks, Lummis’s vision might inspire global interest in state-controlled bitcoin reserves. The senator’s stance aligns with a broader trend as both institutional and individual advocates press for bitcoin’s inclusion in diversified reserves. This discourse marks a pivotal moment for digital assets, reflecting an era where governments weigh bitcoin’s role in economic sovereignty.
