The U.S. Federal Reserve has acknowledged in a recent report that funds generated from the revaluation of gold reserves could potentially be used to purchase Bitcoin. This proposal aligns with a bill introduced by Senator Cynthia Lummis, which advocates for the United States to acquire one million Bitcoin, representing approximately 5% of the total Bitcoin supply. The initiative aims to establish a U.S. Strategic Bitcoin Reserve. Senator Lummis has stated that former President Donald Trump supports her bill. Eric Trump has also publicly predicted that Bitcoin's price could reach $170,000 in the near future. The Federal Reserve's exploration of this funding strategy marks a notable development in the integration of cryptocurrency within U.S. federal asset management policies.
SEN. LUMMIS SAYS TRUMP BACKS HER PROPOSAL FOR U.S. TO BUY 1 MILLION BITCOIN Senator Cynthia Lummis says Donald Trump supports her forthcoming bill that would authorize the United States to acquire one million BTC. If advanced, it would mark an unprecedented sovereign Bitcoin https://t.co/0Qb0yhLGck https://t.co/yZOi6cibKU
JUST IN: SENATOR LUMMIS SAYS TRUMP BACKS HER BILL TO BUY 1 MILLION BITCOIN Source: @BTC_Archive https://t.co/2kS9bg3NDc https://t.co/5G562dYL85
🇺🇸 ERIC TRUMP SAID #BITCOIN IS GOING TO $170,000 SOON IT’S HAPPENING!!! 🚀 https://t.co/AZi2TmGiDH