• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Strategic Bitcoin Reserve Planning in the US

user avatar

by Giorgi Kostiuk

a year ago


Michael Saylor and Wyoming Senator Cynthia Lummis discuss the possibility of establishing a strategic Bitcoin reserve in the US to reduce national debt and increase digital asset reserves.

Plans for a Bitcoin Reserve

Michael Saylor and the Wyoming Senator plan to create a strategic Bitcoin reserve in the US. Saylor noted that collecting around 1 million BTC in the next five years could help reduce the national debt by $16 trillion.

Proposed Legislation

Senator Cynthia Lummis introduced a bill suggesting the expansion of the state's digital asset reserves, with a plan to accumulate 1 million tokens in the next five years. She proposed selling part of the Fed's gold reserves to acquire Bitcoin. If supported, according to Saylor, the national debt of the US could be reduced by $16 trillion.

Major Asset Purchases

Michael Saylor emphasized that the US already has experience in acquiring strategic assets like gold, oil, and helium, which have generated multi-trillion dollar returns. Recently, Pennsylvania passed a law to create a state Bitcoin reserve. Saylor believes Bitcoin is the clear future for the US, understanding of which is shared by both Trump and Senator Lummis.

Creating a strategic Bitcoin reserve in the US could be a significant step towards stabilizing national debt and strengthening digital asset positions. This proposal is already sparking discussions among politicians and financial experts.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum Whales Continue Accumulation Amid Price Decline

chest

Ethereum whales are accumulating ETH despite price decline, indicating a bullish outlook.

user avatarMaria Gutierrez

XRP Poised for Major Bullish Structure Shift

chest

Crypto analyst ChartNerd suggests that XRP is on the verge of a significant bullish shift, contingent on maintaining its price above $1.

user avatarDavid Robinson

Howland Capital Management Increases Stake in Apple

chest

Howland Capital Management LLC has increased its stake in Apple stock by 58%, purchasing 29,015 shares and raising total holdings to 527,531 shares, valued at approximately $145 million.

user avatarAndrew Smith

Apple Stock Approaches Technical Buy Point

chest

Apple stock is nearing a breakout pattern with a technical buy point identified at 288.62.

user avatarJacob Williams

Two Israelis Charged with Insider Trading on Military Operations

chest

Two Israelis, an IDF reservist and a civilian, have been charged with using classified military information to place bets on Polymarket regarding Israel's military operations.

user avatarZainab Kamara

J5 Issues Warnings on OTC Crypto Trading Desks and Payment Processors

chest

J5 issues advisories warning about the misuse of OTC crypto trading desks and payment processors for criminal activities.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.