If passed, the Lummis plan would kick off a bitcoin purchasing program to acquire approximately 5 percent of the total bitcoin supply over time. If that happens, bitcoin’s value could surge to new heights, and Lummis thinks her proposal can help reduce the national debt, though that’s questionable.

Bitcoin extended its streak of record highs Friday adding to its explosive growth since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,

Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.