Recently, Robert Kiyosaki and Senator Cynthia Lummis stirred discussion with their posts on social media platform X, hinting at major changes. At the center is a bill proposing the creation of a U.S. strategic Bitcoin reserve.
Cryptic Messages from Kiyosaki and Lummis
Robert Kiyosaki, author of 'Rich Dad Poor Dad', recently posted a cryptic message on X about 'Big Things coming'. Senator Cynthia Lummis echoed this sentiment, stating 'big things are coming every day'.
Details of the Strategic Reserve Bill
Senator Lummis's bill suggests that the U.S. government should purchase 1 million bitcoins over five years. The proposal includes acquiring $81 billion worth of Bitcoin by 2025. Funding would come from diversifying existing funds in the Federal Reserve system.
Reaction and Support for the Bill
Lummis's proposal has garnered support from several Republican Senators. However, the reaction within the crypto industry remains mixed. David Sacks, a crypto and AI advisor, assured that expenses will not burden taxpayers and that the government will be acquiring assets already seized through legal proceedings.
Lummis's proposal for a strategic Bitcoin reserve raises questions about the future of U.S. cryptocurrency policy and its impact on the global economic stage.
