Amid global economic and geopolitical shifts, Senator Cynthia Lummis has unveiled an ambitious US plan for accumulating Bitcoin. According to this strategy, America will accumulate cryptocurrency over five years and then commit to holding it for 20 years. Lummis believes this move could trigger a new arms race, not with conventional weapons but with digital assets. Specifically, the senator is confident that active US participation in BTC accumulation could provoke a response from China and Russia.
Crypto Summit at the White House
This Friday, the White House will host a crypto summit attended by executives from leading blockchain companies, including Strategy, Chainlink, Coinbase, Kraken, Exodus, and Paradigm. During the event, the US president and representatives of the Treasury Department are expected to present key details of the country’s future crypto strategy. One of the most intriguing topics is the creation of a national crypto reserve, in which Bitcoin will be treated differently from altcoins.
Commerce Secretary Howard Lutnick confirmed that at the summit, Donald Trump will unveil a detailed plan for the US strategic crypto reserve. This step is expected to provide financial stability for the country amid global economic uncertainty.
Why Is the US Betting on Bitcoin?
Antonio Pompliano, a well-known Bitcoin evangelist, stated that US interest rates will be lowered soon. In his view, the White House and the Treasury Department are willing to take this step even if it leads to a temporary economic crisis. Amid rising inflation and declining trust in the traditional financial system, Bitcoin is emerging as an alternative asset that the US is ready to integrate into its economic strategy.
The bet on BTC as a strategic asset is explained by its decentralized nature and limited supply. Unlike traditional reserve currencies such as the dollar or gold, Bitcoin is resistant to inflation and independent of central bank decisions. This makes it an ideal tool for long-term value storage.
Reaction from China and Russia
If the US begins actively purchasing Bitcoin, it may prompt similar actions from other global powers. Despite its ban on private cryptocurrency transactions, China continues to develop the digital yuan and controls a significant portion of Bitcoin mining. Russia is also considering cryptocurrencies as a tool for circumventing sanctions and diversifying reserves.
Many experts believe that a cryptocurrency arms race is inevitable. If the US starts accumulating Bitcoin on a large scale, other countries may follow suit, potentially driving BTC prices even higher. However, the open question remains: will world governments embrace Bitcoin, or will they attempt to regulate and restrict it?
Prospects for the US Crypto Reserve
The separation of Bitcoin and altcoins within the US crypto reserve indicates that BTC is being treated as digital gold, while other cryptocurrencies remain categorized as speculative assets. This underscores the strategic importance of Bitcoin in the country’s future financial system.
If Lummis’ plan is implemented, the US will become the first major power to announce the long-term holding of Bitcoin in national reserves. This could not only strengthen America’s position in financial markets but also shift the global balance of economic power.
Regardless of how events unfold, one thing is clear: Bitcoin is no longer just an investment tool—it is becoming a geopolitical asset capable of influencing the future of the global financial system.
