Is the U.S. on the Verge of Buying a Million Bitcoin?

Started by 520quaint, Dec 17, 2024, 02:57 AM

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dutrapordo

�Yes, the United States is actively considering the acquisition of up to 1 million bitcoins as part of a strategic reserve initiative.�
Bitcoin Magazine
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The Street
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Clark Hill | International Law Firm
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🇺🇸 Legislative and Executive Developments
In March 2025, Senator Cynthia Lummis and Congressman Nick Begich introduced the BITCOIN Act, proposing that the U.S. Treasury acquire 200,000 BTC annually over five years, totaling 1 million BTC. The bill outlines budget-neutral funding methods, such as utilizing Federal Reserve remittances and revaluations of gold certificates, ensuring no additional burden on taxpayers. �
Clark Hill | International Law Firm
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begich.house.gov
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Medium
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Clark Hill | International Law Firm
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begich.house.gov
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markets.businessinsider.com
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Complementing this legislative effort, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve. This reserve is initially funded through bitcoins seized in criminal and civil asset forfeitures, amounting to approximately 200,000 BTC. The executive order also directs the Treasury and Commerce Departments to develop strategies for acquiring additional bitcoin in a budget-neutral manner. �
Bitcoin Magazine
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markets.businessinsider.com
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Nasdaq
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markets.businessinsider.com
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Clark Hill | International Law Firm
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The White House
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📈 Potential Market Impact
Analysts suggest that a U.S. government purchase of 1 million BTC could significantly influence the cryptocurrency market. Zach Shapiro, head of policy at the Bitcoin Policy Institute, stated that such an acquisition could propel Bitcoin's price to $1 million per coin, citing the substantial market impact of a large-scale government buy-in. �
Cointelegraph

🏦 Strategic Implications
The proposed accumulation of Bitcoin by the U.S. government is viewed as a move to diversify national reserves and strengthen financial resilience. By holding a significant portion of the global Bitcoin supply, the U.S. aims to position itself as a leader in the digital asset space, potentially influencing global financial systems and standards. �

While the initiative has garnered support, it also faces scrutiny and debate regarding its long-term implications and the role of cryptocurrencies in national financial strategies.�

For a detailed discussion on this topic, you may find the following video informative:�


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