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Sen. Lummis to Launch Bitcoin Reserve? This New Crypto Could Surge 100X

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

Lummis proposed the US buy 200K $BTC (worth roughly $20B at current prices) annually until 2030.She then suggests holding it for 20 years to, hopefully, halve the US national debt.

How realistic is this idea?

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

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

When Ambition Meets Mathematical Reality

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

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

US national debt

To achieve this, $BTC would either have to hit $18M per token, or the government would have to find creative ways to generate profit from it.

The first scenario means a 17,900% increase from the current level. That’s modest compared to $BTC’s actual 166,025,905% surge since its launch, but it would bring $BTC’s market cap to over $356T.

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

The math doesn’t add up.

20-Year Outlook: Could Crypto Replace National Currencies?

A more viable solution would be for the 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 value and role of $BTC in the US economy would be massive. And this would likely lead to 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 reputation of digital gold, or stablecoins, could be viable alternatives to fiat.

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

But it surely is a major step toward mainstream crypto adoption by institutions and governments and could 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 means one $BTC would cost $908K.

If you hold even a fraction of a $BTC (or any other crypto, for that matter), you need 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 can sell, buy, swap, and stake crypto anytime from one intuitive interface.

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

Best Wallet presale

In fact, it’s the first and only presale wallet in the world. 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 new projects, higher staking yields, lower fees, and governance rights.

You can still buy $BEST at $0.023775 on presale, after which it would list on exchanges and likely surge in value.

Final Remarks

While Lummis’s Bitcoin reserve idea might not slash the national debt in half, the very fact that government officials are taking crypto this seriously is huge.

Now is the perfect time to prepare for the crypto revolution with a wallet that matches your ambition. To join 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.



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Shiba Inu Burn Rate Jumps 280% With 12M SHIB Destroyed, What Lies Ahead?

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The Shiba Inu burn rate again witnessed a remarkable 280% surge on Thursday, igniting bullishness among investors amid a broader market recovery. Latest burn statistics indicated that roughly 12 million coins were taken out of the asset’s supply, causing the abovementioned surge. As a result, market watchers weigh optimism on the meme token’s future potential.

Shiba Inu Burn Rate Shoots Up 280%, What’s Happening?

According to the data offered by Shibburn on X as of January 30, the Shiba Inu burn rate witnessed a 284% uptick in the past 24 hours. The massive surge comes primarily from 12.5 million tokens that were permanently removed from the circulating supply.

Shiba Inu burn dataShiba Inu burn data
Source: Shibburn

For context, the SHIB burn mechanism sends tokens to a null address, thereby making it impossible to recover. In turn, the circulating supply shreds, with traders and investors anticipating a bullish impact on price mirroring the law of supply and demand.

As of press time, the meme coin’s total supply was evaluated to be 589.25 trillion SHIB after taking a hit.

Community Advancements Bolster Market Sentiment

Further, recent community developments have offered additional market support to the meme crypto. Intriguingly, the Shiba Inu community recently rolled out ShibOS in an effort to boost market sentiment.

The ShibOS is a blockchain-based operating system offering individual platforms for various use cases. As a response to the launch, market sentiments towards the dog-themed meme token remain optimistic, further escorted by the recent Shiba Inu burn surge.

SHIB Price Jumps

At the time of reporting, SHIB price witnessed a 1% increase in value and is currently trading at $0.00001863. Its 24-hour low and high were $0.00001785 and $0.00001878, respectively.

The current upward trajectory falls in line with the Shiba Inu burn rate surge, whereas even the broader market trend backs it. Crypto prices on Thursday showed signs of recovery despite unchanged interest rates by the U.S. Fed. The broader trend has solidified hope for the meme token’s future, whilst recent advancements back it.

A recent Shiba Inu price analysis by CoiGape further revealed that the token rebounded as the market digested the U.S. Fed’s latest decision. The next critical resistance zone is at $0.000019, a level much-eyed by investors. Given that recent developments reinforce market support ahead, the dog-themed meme coin could see a rise above this resistance, paving the way for further gains.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Mind of Pepe Presale Hype Grows as OpenAI Faces Competition

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The dust DeepSeek made hasn’t even settled as another Chinese company, Moonshot AI, rolled out its latest model, Kimi k1.5.

Kimi outshines GPT-4, Claude, and even DeepSeek on all key benchmarks, namely, in math, coding, and reasoning.

While Nvidia and OpenAI are having a rough time following the news, the AI crypto market is still on the rise, including the new AI agent MIND of Pepe.

Let’s unpack the good, the bad, and the ugly of the current situation in the AI sector.

Kimi Sets a New Standard for AI Models?

For a long time, US tech giants dominated the AI industry, but Chinese competitors are now spitting out AI models like hotcakes.

Kimi is a multimodal AI that processes text, code, and visual inputs, which gives it an advantage over DeepSeek, which only understands text.

If you’ve ever asked ChatGPT to solve a mathematical problem, you know its capabilities are dubious at best. Kimi, on the other hand, scored 96.2 at the MATH 500 benchmark and 94% on the Codeforce platform.

The model employs Reinforcement Learning (RL) to improve decision-making through self-rewards, which essentially means it figures out what works best by trial and error.

What’s even more impressive, Moonshot AI spent just a fraction of ChatGPT’s cost to develop the model.

Nvidia stock already took a hit on the back of the DeepSeek launch with a 14.53% five-day dip. Although the model uses Nvidia chips, it appears the company is too closely tied to US tech giants in investor eyes. And Kimi added fuel to the fire.

Meanwhile, AI tokens are doing great. The sector’s market cap grew by 2.82% and the trading volume by 8.98% in the past 24 hours.

AI token sector growth

This discrepancy shows that the AI crypto sector exists in parallel with the broader industry. For traditional AI giants, the rise of new models is a threat; however, for crypto AI, it’s an engine for innovation.

MIND of Pepe ($MIND) Promises Unbiased, Data-Driven Market Insights

One AI project that’s currently gaining momentum in the crypto space is MIND of Pepe ($MIND) – a self-sovereign agent that analyzes market data to deliver exclusive insights to its token holders.

On top of that, $MIND autonomously interacts with influencers and traders on social media to gauge broader sentiment.

Emotions and bias can ruin any trading strategy. Unlike human investors, $MIND only relies on data and logic, so its trading advice is 100% objective. This could help small investors find hidden gems and make headway in the rapidly growing market.

Another challenge is the lack of reliable real-time data. Most traders find out about hot projects too late. $MIND, on the other hand, is constantly on the lookout for opportunities.

As the AI agent evolves, it could even set new trends and launch its own tokens only available to $MIND holders.

The $MIND token presale kicked off a few weeks ago, and early adopters have already invested over $4.4M. One token now costs $0.0032273, but the price is set to increase tomorrow.

Mind of Pepe

This means now is the best time to secure your share of tokens and become part of a community that prefers to trade smart, not hard.

Crypto AI Follows Its Own Path

The AI crypto market is seemingly decoupling from the broader tech market. While crypto projects may apply technological advancements from the general AI field, their success hinges on community engagement and token utility rather than raw model performance.

Projects like MIND of Pepe understand this dynamic, focusing on practical applications of AI within the crypto market. Its ability to deliver data-driven market insights might help $MIND build a large user base that would support its long-term growth.

However, no gains are guaranteed in the crypto market. Remember to DYOR and diversify your portfolio to offset potential losses.



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Expert Clears About XRP Lawsuit Removal and Case Deadline Date

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Debates on Ripple vs SEC lawsuit pick up as the XRP community hopes the Trump administration to resolve it by April or May. Moreover, the rumors of XRP lawsuit removal from the US SEC’s website sparked significant market buzz. However, an expert refutes the lawsuit removal by the SEC as well as the case settlement claims with facts.

US SEC Didn’t Remove or Move Ripple Lawsuit

Sherrie, a popular expert amongst the XRP community, has refuted the Ripple lawsuit removal by the US SEC reports. She confirmed that Ripple Labs isn’t at the trial court level and the case will show under the Award Claims page of the SEC.

Moreover, the case is available on the Court of Appeals website since it was assigned a new case number. The case concluded in district court as Judge Analisa Torres ordered Ripple to pay $125 million in penalty, which was far lower than the $2 billion expected by the SEC.

Settlement or Dismissal of XRP Lawsuit May Get Delayed Further

Paul Atkins is estimated to get approval as SEC Chairman by the US Senate around April. It is highly unlikely the Ripple vs SEC lawsuit will be dropped by an Acting Chair, claims Sherrie.

Generally these big cases are dealt with by the actual Chairman. Atkins has an estimated time of getting approved by the Senate around April.

Also, she added that Ripple to submit its brief related to appeal and cross-appeal by April 16 is scheduled for a reason. Also, attorney Jeremy Hogan predicted an April or May timeline for the SEC to withdraw or dismiss the case.

As per the US Senate website, Paul Atkins will remain a member of the Securities and Exchange Commission until June 5, 2031.

Paul Atkins ConfirmationPaul Atkins Confirmation
Source: US Congress

Next in Ripple Vs SEC in Case of Settlement

In case the parties decide to drop their respective appeals, a notice will be submitted to the Court of Appeals for the Second Circuit. As per Sherrie, the written notice or letter is generally a “simple single page and will have signatures included.”

She further elaborated that the US SEC needs to hold a vote to drop the case in the presence of SEC Chair Paul Atkins. Then they will contact Ripple’s lawyers. If the parties agree to drop the case, a written notice gets sent electronically to the court docket.

According to her, the Ripple vs SEC lawsuit may get resolved between April and June this year. The SEC under Paul Atkins may decide not to pursue appeals further.

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting.

Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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