Author: Sam Lyman is Public Director at Riot Platforms, former chief speechwriter for Senator Orrin G. Hatch, and President and CEO of the U.S. Chamber of Commerce Official speechwriter. This article first appeared in "Fortune"

In July, President-elect Donald Trump vowed to establish a "Bitcoin reserve." Republican Senator Cynthia Loomis introduced a bill to use existing funds to purchase 1 million Bitcoins. Democratic Congressman Ro Khanna supports the United States using its large amounts of seized Bitcoins as strategic reserve assets.

Bipartisan support for strategic reserves is growing as framers recognize that Bitcoin (like all new technologies before it) can serve interests. A Bitcoin strategic reserve would not only significantly reduce our debt; it would also strengthen the U.S. dollar and increase our economic influence over Russia and Russia.

First consider the key role Bitcoin could play in controlling the deficit without raising taxes. The price of Bitcoin can be volatile in the short term. But in the long run, its price will always move in one direction: up.

After discovering this trend, MicroStrategy CEO Michael Saylor made a bold decision to accumulate Bitcoin as the company's main financial reserve asset starting in 2020. Thaler's investment saved the stagnant company from financial trouble and increased its market value from $1.3 billion to $94.78 billion in just four years.

Saylor makes a simple bet: Bitcoin's price will continue to rise as more institutions and investors recognize its usefulness as a long-term savings vehicle. Now, the framers are doing the same thing. As a result, the Bitcoin Strategic Reserve has strong momentum.

According to MicroStrategy’s price model, the Bitcoin reserve proposed by Senator Loomis could cut the debt in half over the next 20 years. Even better, it puts no burden on taxpayers.

Loomis’ bill would convert only a small portion of U.S. gold reserves and other assets into purchasing 1 million Bitcoins, accounting for about 5% of the global supply. This would put the United States’ ownership in digital gold on par with its ownership in physical gold. This would make the United States the undisputed leader in the world’s fastest growing monetary network.

But the benefits of accepting Bitcoin go beyond debt relief; lawmakers could also use cryptocurrencies to balance economic competition with Russia.

In recent months, the BRICS has accelerated plans to launch a national currency as part of the de-dollarization process. Leading the charge are Russia and Russia, which are dumping tens of thousands of U.S. Treasuries in exchange for gold. In fact, these are utilizing goldreserves to reduce dependence on the U.S. dollar system. And, through their actions, they are encouraging others to follow suit.

But what would happen if the United States took steps to curb the weaponization of gold? Bitcoin is an example.

As Federal Reserve Chairman Jay Powell pointed out this week, Bitcoin is not a competitor to the U.S. dollar—“it’s a competitor to gold.” As a store of value, Bitcoin possesses many of the same properties as gold. Like gold, Bitcoin is durable, scarce, and difficult to mine. But unlike gold, it is easily verifiable, infinitely divisible, and can be sent anywhere in the world at the speed of light. These remarkable properties have driven Bitcoin’s price growth over the past 10 years.

The United States will gain a lot if it takes the lead. As with any new technology, early adopters benefit the most. As the first G20 to accept Bitcoin as a reserve asset, the others will almost have to follow suit. Just as the launch of BlackRock’s Bitcoin ETF marked Bitcoin’s debut on Wall Street, the establishment of the U.S. Bitcoin Strategic Reserve will mark Bitcoin’s first appearance on the global stage.

Adopting Bitcoin’s game theory dynamics will spark a digital gold rush that slows or even reverses the rush for physical gold. U.S. policymakers can use this to use Bitcoin as an economic tool to counter the BRIC's attempts to move away from the U.S. dollar and toward precious metals. Which company's balance sheet would benefit most in this scenario? USA.

A stronger and more diversified balance sheet will strengthen the U.S. economy, thereby increasing confidence in the U.S. dollar. But framers can further boost confidence in the U.S. dollar by combining strategic Bitcoin reserves with a robust U.S. dollar stablecoin strategy. A USD stablecoin is a digital asset backed 1:1 by U.S. dollar reserves, and developers can promote its use overseas.

This Bitcoin-stablecoin barbell strategy would dispel any notion that the U.S.’s decision to hold Bitcoin reflects a lack of confidence in the U.S. dollar. At the same time, it will increase demand for U.S. Treasuries, which support U.S. dollar-based stablecoins. Consider that the stablecoin provider currently holds approximately $120 billion in U.S. Treasuries, making it the 18th-largest holder of Treasury bonds in the world — ahead of the likes of Germany and South Korea. Advocating stablecoins abroad while accumulating Bitcoin is the 1-2 punch we need to fight against the BRIC economic competition.

Currency is a technology. The future belongs to those who use new technologies to advance their interests. Incoming Trump can now achieve this by embracing digital assets and building a strategic Bitcoin reserve.