Trump’s Gold-For-Bitcoin Shock Plan Targets $38 Trillion Debt and $242K BTC
Sen. Cynthia Lummis (R-Wyo.) says that the Trump administration is considering a radical plan to convert a portion of the nation’s gold reserves into Bitcoin (CRYPTO: BTC) to build a strategic digital reserve.
U.S. Debt Triggers Unconventional Fiscal Debate
The United States national debt has climbed to $38 trillion, prompting calls for new approaches to restore fiscal stability.
Interest payments are projected to reach $14 trillion over the next decade, raising concerns about long-term solvency.
Lummis said selling or revaluing U.S. gold certificates to fund Bitcoin purchases could “cut the national debt in half over 20 years.”
From Gold To Bitcoin: The Lummis Blueprint
Studies by Strategy Inc. (NASDAQ:MSTR) founder Michael Saylor and economist Arthur Laffer underpin the concept.
Both argue that acquiring roughly 5% of global Bitcoin supply, or one million coins, could deliver exponential long-term returns compared with stagnant gold holdings.
Data shows that a 5% capital …
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