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Senator Cynthia Lummis, who leads the senate subcommittee on digital assets, says that the US Army supports a plan to create a strategic bitcoin reserve. Jamie Dimon, the CEO of a large bank, recently called that plan a waste. Lummis pushed back.
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Told Lummis Bloomberg The army thinks Bitcoin matters at hand. She said it could be a tool in the Economic competition with China. Some see that as a daring step. Others say it’s risky.
Military Backs Bitcoin Reserve
According to the senator, military leaders say Bitcoin could help with an economic confrontation. They see it as a way to keep value if traditional assets are touched by sanctions or large movements of other countries.
She spoke about weapons and ammunition that is part of national security, but she added that a Bitcoin reserve is also vital. Some military voices have warned that future conflicts will not only be combated on battlefields. Money and digital assets can also play a key role.
https://www.youtube.com/watch?v=iehfvy3s9f4
Legislative and executive movements
Based on reportLummis has introduced an account to have the US buy and keep 1 million BTC. That would reflect what countries do with gold. The idea is to draw funds from the Treasury or Federal Reserve instead of using new budget money. It was not moved far in the congress.
Yet on March 6, 2025, US President Donald Trump issued an order for one Bitcoin Reserve Plus a digital assets stock for other coins. He said that the government would use assets confiscated in civil and criminal actions to start the fund. That means that around 200,000 BTC that the government already has can be part of it.
Lummis sees the Bitcoin price rise in the following decade
Lummis unveiled a patented model that predicted a dramatic rise in Bitcoin price in the coming decade, referring to factors such as fixed delivery, growing institutional acceptance and expansion of network effects.
Analysts warn that such long -term predictions depend on unpredictable factors such as legal shifts, technological breakthroughs and market sentiment, each of which could derail even the most optimistic projections.
She also praised Trump for pushing simple rules for crypto and for the use of digital coins as part of National strategy.
Trump’s family runs a Defi platform, a Stablecoin project and even some meme coins. Lummis thinks that everyone will end up in the crypto economy sooner or later.
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Skeptical voices and uncertain path
Jamie Dimon does not agree. He calls the Bitcoin reserve a waste of resources. Other experts are worried about Bitcoin’s ups and downs. They say that a strategic reserve should not ride something that can swing 20% in one day.
Some economists from Topuniversities provide zero support to borrowing money to build a crypto stock. They claim that it makes no sense against the almost $ 36 trillion national debt of the US. For the time being the bill is to buy 1 million BTC in the committee.
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