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Hence the momentum behind a strategic bitcoin reserve. Following MicroStrategy’s price models, the bitcoin reserve proposed by Senator Lummis could cut the national debt in half over the next 20 ...
But, as outlined by Lummis, the strategic Bitcoin reserve would commit the U.S. government to buying 200,000 Bitcoins per year, for a total of 1 million Bitcoins during the next five years.
The concept of the strategic Bitcoin reserve first broke into the public consciousness in July 2024, during a Bitcoin conference in Nashville, when U.S. Senator Cynthia Lummis (R-Wyoming) outlined ...
Bitcoin continued to break records on Monday as the original cryptocurrency surged to a new all-time high of $107,822, fueled by the growing potential for a strategic national Bitcoin reserve ...
Bitcoin price surge after Elon Musk and Tesla announcements of investments into Bitcoin, including acceptance of payment. [214] 16 February 2021 $50,000 : Bitcoin price reached new all-time high of $50,000. [215] 10 April 2021 $60,000 : Bitcoin back above $60,000 as Coinbase gets ready to go public on the stock market. [216] 14 April 2021 $64,800
Hayes expressed skepticism about the feasibility of a Bitcoin Strategic Reserve, a concept that has been discussed in the context of Trump's policies. He doubts that such a reserve would be implemented and suggests that any new dollars created would more likely be used for voter-appealing programs rather than purchasing Bitcoin. [29] [30]
Cynthia Marie Lummis Wiederspahn (/ ˈ l ʌ m ɪ s / LUH-miss; [1] born September 10, 1954) is an American attorney and politician serving as the junior United States senator from Wyoming since 2021. A member of the Republican Party, Lummis served as the U.S. representative for Wyoming's at-large congressional district from 2009 to 2017.
"If we do get a bitcoin strategic reserve where the government is buying bitcoin … $200,000 bitcoin is going to be looking quaint. You're going to be looking at $300,000, $400,000, $500,000 bitcoin.