United States Senator Cynthia Lummis has introduced a bill proposing that the US government buy 5% of the world’s Bitcoin supply and hold it for at least 20 years. “It can be used for one purpose, to reduce our debt,” Lummis declared during her keynote speech at the Bitcoin2024 Conference on July 27 in Nashville, Tennessee. Lummis explained that the plan, if passed, will take place over five years with the aim of the US government acquiring one million Bitcoin (BTC), roughly 5% of the total 21 million Bitcoin. “This Bitcoin Reserve that we are going to create will start with the 210,000 Bitcoi…