The strategic Bitcoin reserve is taking shape now as Senator Cynthia Lummis shared her vision.

How realistic is this concept?

Let’s unpack the advantages – and pitfalls – of Lummis’ proposal.

Bear with me as I present you with a calculation-heavy, highly speculative – and still oversimplified – outlook for the longer term of the Bitcoin strategic reserve.

When Ambition Meets Mathematical Reality

Not day by day does a Senator say on national TV the federal government plans to exchange billions value of its official currency for crypto.

At current prices, the Bitcoin reserve can be value $100B. The US national debt is over $36T. Lummis expects the reserve to cover 50% of the debt in 20 years, or roughly $18T (assuming the debt doesn’t increase – which it likely would).

To realize this, $BTC would either should hit $18M per token, or the federal government would have to seek out creative ways to generate cash in on it.

The primary scenario means a 17,900% increase from the present level. That’s modest in comparison with $BTC’s actual 166,025,905% surge since its launch, however it would bring $BTC’s market cap to over $356T.

The whole value of all money globally in USD is just $80T.

The maths doesn’t add up.

20-Yr Outlook: Could Crypto Replace National Currencies?

A more viable solution can be for the federal government to issue investment instruments like T-bills (BTC-bills?), options, or indexed bonds linked to $BTC. Then, generate revenue from selling these to investors globally.

Either way, the worth and role of $BTC within the US economy can be massive. And this could likely result in further depreciation of the dollar.

Could all governments ditch fiat and adopt crypto as their national currencies in 20 years? Ten years ago, people would call you crazy for even asking this, but now, it’s pretty plausible.

No country would proclaim the highly volatile $PEPE as their national currency, but $BTC, with its popularity of digital gold, or stablecoins, may very well be viable alternatives to fiat.

It’s early to guage if Lummis’ proposal is absurd or genius.

But it surely surely is a serious step toward mainstream crypto adoption by institutions and governments and will drive $BTC to unprecedented heights.

Best Wallet – The World’s First Presale Wallet to Secure Your Share of $BTC’s $18T Future

While $356T is a stretch, Coinbase CEO predicts $BTC market cap to soon hit that of gold – $18T, which implies one $BTC would cost $908K.

For those who hold even a fraction of a $BTC (or any other crypto, for that matter), you wish a reliable wallet to store all that wealth.

Best Wallet is a non-custodial hot wallet, so only you hold your private keys. On top of that, it’s mobile-first, so you possibly can sell, buy, swap, and stake crypto anytime from one intuitive interface.

Beyond $BTC, Best Wallet supports a whole lot of assets across all popular networks. This includes presale tokens, which you possibly can buy directly through Best Wallet’s Token Launchpad.

In reality, it’s the primary and only presale wallet on this planet. This unique advantage could help Best Wallet achieve its goal of capturing 60% of the sector by 2026.

The ecosystem’s native token, $BEST, gives its holders early access to latest projects, higher staking yields, lower fees, and governance rights.

You may still buy $BEST at $0.023775 on presale, after which it could list on exchanges and certain surge in value.

Final Remarks

While Lummis’s Bitcoin reserve idea won’t slash the national debt in half, the very indisputable fact that government officials are taking crypto this seriously is large.

Now’s the proper time to organize for the crypto revolution with a wallet that matches your ambition. To hitch the Best Wallet ecosystem, visit the official presale website and buy $BEST using $USDT, $ETH, or a card.

Meanwhile, we remind you to DYOR before investing in any asset, whether it’s $BTC or a hot presale crypto.