28-3-2025 – Prominent US figures are championing Bitcoin as a potential salve for America’s mounting national debt crisis. At the prestigious DC Blockchain Summit, Wyoming Senator Cynthia Lummis unveiled an ambitious vision suggesting that Bitcoin holdings could slash the nation’s $36 trillion debt burden by half within two decades.
The cryptocurrency’s meteoric rise has caught the attention of financial heavyweights, with MicroStrategy’s Michael Saylor likening Bitcoin to America’s “Manifest Destiny”. This bold proclamation coincided with a modest market uptick, pushing Bitcoin’s value to $87,273.47 and elevating the Fear and Greed Index to a notable 65.
Drawing parallels with traditional strategic reserves, Senator Lummis advocated for establishing a dedicated Bitcoin repository. “Just as we maintain reserves of oil, gold, and rather curiously, cheese, Bitcoin represents digital gold for the modern era,” she remarked, emphasising its potential as a contemporary solution to age-old monetary challenges.
Saylor’s ambitious forecast of Bitcoin reaching $13 million within 20 years has raised eyebrows in financial circles. His assertion stems from Bitcoin’s unique position as a commodity with an immutable supply cap of 21 million coins, distinguishing it from traditional assets subject to increased production during price surges.
Meanwhile, the cryptocurrency markets face a crucial juncture with an unprecedented $16.5 billion options expiry looming. Market analysts note significant exposure in call options, particularly at the $92,000 threshold, requiring a 6.4% price increase for profitability.
The digital asset’s trajectory appears increasingly intertwined with broader economic indicators, maintaining a robust 70% correlation with traditional markets since early March. However, institutional adoption continues to gather pace, with diverse enterprises from GameStop to Metaplanet incorporating Bitcoin into their treasury strategies.
Amidst global trade tensions and potential US fiscal constraints, Bitcoin’s role as a strategic asset continues to evolve, challenging conventional notions of monetary policy and national reserves in an increasingly digital economic landscape.
