Proposal to Make Bitcoin a US Reserve Asset is Officially Submitted!
📷 U.S. Senator Cynthia Lummis, age 70 and a strong supporter of Bitcoin, has drafted a proposal to Congress advocating for a “Strategic Bitcoin Reserve.” This proposal, which she hopes will reach newly elected President Donald Trump soon, envisions Bitcoin as a future reserve asset for the U.S. While the idea has been circulating for some time, this marks the first concrete step toward its realization.
📷 Key points in the proposal include a plan for the U.S. Treasury to purchase 200,000 BTC annually over five years, totaling 1,000,000 BTC. Under strict conditions, the Bitcoin acquired would be held long-term (HODL) for at least 20 years, with no sales allowed during that period. Additionally, all Bitcoin currently held by the U.S. government would be added to this reserve, meaning that the market would no longer feel pressure from U.S. government BTC sales if the plan proceeds.
📷 A unique aspect of this initiative is that … 0 reply
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