Could the US Earn $106 Trillion?US Senator Cynthia Lummis has reintroduced the 'BITCOIN Act' to protect America's financial future. The bill aims to strengthen the dollar by making Bitcoin a strategic national asset, and Michael Saylor estimates that the US could gain up to $106 trillion through this. According to cryptocurrency media outlet TheCryptoBasics on the 11th (local time), Rep. Loomis officially announced the reintroduction of the Bitcoin bill at the Bitcoin for America forum. This amendment has secured more co-sponsors than before and focuses on strengthening the U.S. financial system through Bitcoin holding and strategic use. The CryptoBasics reported that the bill has been amended since it was first introduced in July 2024, and includes a program to create a secure Bitcoin vault under the U.S. Treasury and purchase 1 million BTC. The program would be funded by existing assets from the Federal Reserve and the Treasury (such as gold), and also includes provisions to protect the assets of individual Bitcoin holders. Michael Saylor argues that the US could reap enormous economic benefits if it continued its strategic Bitcoin holding policy. He estimates that if the US buys 1 million BTC over 5 years, it could create $16 trillion in value in the future, and if it holds just 200,000 BTC over 20 years, it would become a $3 trillion asset. The CryptoBasics also reported that Saylor proposed a “Triple Max” strategy. According to this strategy, if the US steadily purchases Bitcoin by 2035 and holds a total of 5.5 million BTC, its value is expected to reach $106 trillion. This could be a strategic means to offset the US national debt and strengthen global financial hegemony. Experts analyzed that if the bill passes, it will legally fix the Bitcoin Strategic Reserve Executive Order signed by the Trump administration and is likely to continue in the next administration. However, if the bill fails to pass Congress, there is a risk that the policy will be overturned in the new administration. see more
