Senator Lummis Pushes Bitcoin as Inflation Hedge and Economic Solution

Satoshi’s original vision for Bitcoin was to function as a decentralized peer-to-peer electronic cash system, free from the influence of governments or financial institutions. However, U.S. lawmaker Senator Cynthia Lummis believes that Bitcoin could serve a far greater purpose as a hedge against the rising cost of living.

Bitcoin Positioned as Decentralized Safe Haven Amid U.S. Economic Struggles

Lummis’ comments come when the U.S. continues to battle rising debt, inflation, and weakening currency. In a recent Fox Business interview, the senator highlighted the OG coin’s role in financial autonomy. She explained that Bitcoin offers a secure and decentralized store of value. 

The lawmaker also identified the asset as a potential alternative to the dollar as the nation continues to battle an uncertain economic atmosphere. Lummis pointed to the fundamental contrast between BTC’s fixed supply of 21 million and the abundance of fiat currencies.

She noted Bitcoin’s scarcity-based model gives holders a clear understanding of the demand and supply dynamics, thus serving as a key driver of the Bitcoin price. Additionally, the clear visibility and predictable supply have further reinforced the asset’s legitimate store of value narrative among individuals and even governments.

Considering these underpinning factors, Lummis noted that the digital currency could offer middle to low-income families a fresh pathway to preserve wealth amid the rising cost of living.

BTC Goes Mainstream: Corporate Accumulation Surges as Adoption Grows

At the time of writing, Bitcoin hovers around $118,000 after trading relatively flat over the past intraday session. In the past four weeks, the asset’s trading volume climbed to 47.22 billion—recording an over 10% increase.

This on-chain trend indicates that the OG coin continues to catch the eyes of more individuals within the cryptosphere. Lummis emphasized that the Bitcoin price will continue to chart northbound movements as global adoption grows.

The senator also pointed to the growing trend of Bitcoin accumulation by corporate bodies, including asset managers and big banks.

Here are some of the largest corporate Bitcoin holders as of July 2025, according to BitBO:

• MicroStrategy (MSTR:NASDAQ) holds 607,770 BTC worth $71.75 billion.
• Marathon Digital (MARA:NASDAQ) owns 49,951 BTC valued at $5.90 billion.
• Twenty One Capital (XXI:NASDAQ) holds 37,229.7 BTC, reaching $4.39 billion.
• Bullish (BLSH:NYSE) owns 24,340 BTC pegged at $2.87 billion.
• Riot Platforms (RIOT:NASDAQ) holds 19,273 BTC, totaling $2.28 billion.

Senator Lummis emphasized that this trend signals Bitcoin’s reinvention from a niche coin to a mainstream asset. 

According to the lawmaker, Bitcoin has come a long way from the days when only a few tech pros focused on crypto. Now, the coin has become part of key financial conversations by Wall Street experts.

New Bills Aim to Boost Bitcoin in U.S. Economy

Cynthia Lummis has always been a vocal Bitcoin proponent, actively calling for incorporating crypto assets into the mainstream U.S. monetary system. In the past year, the senator has proposed several crypto-focused legislative pitches. On several occasions, she has lent a voice to the importance of decentralized technologies.

One of Lummis’ latest crypto bills is the crypto tax bill, which is aimed at erasing the multiple levies on crypto transactions. Another key pitch is the de minimis exemption for transactions less than $300.

The lawmaker is also spearheading the BITCOIN Act, aiming to accelerate the country’s Bitcoin ownership. Fundamentally, the bill would bind the U.S. to buy 1 million BTC over the next five years.

While some view this measure through a skeptical lens, others believe that a diversified national reserve could boost economic stability and reduce overdependence on a single asset as a store of value.