TLDR
- Senator Cynthia Lummis claims that Bitcoin is the only solution to the U.S. national debt crisis.
- Lummis believes Bitcoin’s growth potential makes it the best option for reducing the nation’s debt.
- She advocates for a strategic Bitcoin reserve as a key component of U.S. fiscal policy.
- The Winklevoss-backed Treasury_BTC appoints Tycho Onnasch as its new head of Bitcoin strategy.
- Onnasch is known for his work on Bitcoin scaling solutions and his deep market expertise.
Senator Cynthia Lummis recently declared that Bitcoin is the only viable solution to the U.S. national debt crisis. In an interview with Bloomberg, Lummis explained her belief that Bitcoin can help address the nation’s growing fiscal problems. She argued that Bitcoin’s potential as an asset will only continue to increase over time.
Cynthis Lummis Advocates for Bitcoin as Debt Solution
Senator Lummis has long been an advocate of Bitcoin. She highlighted its importance as a tool for offsetting the national debt. In her interview, Lummis stated that Bitcoin could serve as the foundation for a strategic BTC reserve, suggesting that it offers the best option for reducing the national debt burden.
JUST IN: SENATOR CYNTHIA LUMMIS CALLS $BTC THE ONLY SOLUTION TO AMERICA’S NATIONAL DEBT! 🇺🇸
In a recent Bloomberg interview, Senator Cynthia Lummis reaffirmed her pro-Bitcoin stance, saying:
“It’s an asset that will grow over time and will help offset the burgeoning growth in… pic.twitter.com/izy5FT9y52
— CryptosRus (@CryptosR_Us) November 5, 2025
According to Lummis, Bitcoin’s long-term growth potential makes it a strong candidate for the U.S. to adopt as part of its fiscal policy. She emphasized that integrating Bitcoin into the country’s financial strategy could change the nation’s economic outlook for the better.
Lummis, a vocal supporter of Bitcoin, has consistently called for policies that would embrace digital assets. She has often expressed that Bitcoin is the only solution capable of addressing the rising national debt.
Winklevoss-Backed Treasury Prepares for Bitcoin Integration
In related news, a new Bitcoin-focused treasury, Treasury_BTC, has emerged with backing from Tyler and Cameron Winklevoss. The company recently announced the appointment of Tycho Onnasch as its head of BTC strategy. Onnasch is known for his work on Bitcoin scaling solutions and his deep understanding of the crypto market.
Onnasch’s experience in the Bitcoin space is well-established. He is the founder of Zest Protocol, a leading BTC yield platform. His expertise has made him a key figure in shaping the future of Bitcoin’s financial applications.
Onnasch joins Treasury_BTC with a strong academic background. He holds a degree in economic history from Oxford University and was recently included in Forbes’ 30 under 30 Europe list. His new role will be pivotal in guiding Treasury_BTC’s Bitcoin strategy and market approach.
BTC Faces Market Reset Amid Price Action
Bitcoin has recently experienced a substantial drop in open interest across major trading platforms. According to data, Binance’s open interest decreased by $4 billion, Bybit dropped over $3 billion, and Gate saw a $2 billion decrease. These drops are attributed to a liquidation event on October 10, which has impacted Bitcoin’s market stability.
The slow recovery from this liquidation event reflects a cautious market. Traders have refrained from quickly rebuilding leverage, leading to choppy price action. This suggests that market confidence is currently low, with many investors hesitant to re-enter the market.
Despite this, experts argue that the market is undergoing a reset. The significant reduction in leverage could lead to a more stable environment for Bitcoin. Lower leverage reduces the risk of sudden liquidations, setting the stage for future price movements.
Bitcoin’s market adjustments have led some analysts to describe it as a healthy reset rather than a breakdown. This resetting of market positions could pave the way for a more balanced and sustainable Bitcoin market.
