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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 ...
To fund the purchase, the government would revalue about $11 billion worth of gold certificates on the Federal Reserve’s balance sheets. Lummis said establishing a bitcoin reserve could help the ...
Under Sen. Lummis' proposal, the US would convert gold certificates held by the Federal Reserve to today's fair market value before selling them and using the proceeds to buy bitcoin.
Thanks to this year's rally in Bitcoin (CRYPTO: BTC), which recently broke through the $100,000 price level, the concept of a strategic Bitcoin reserve has rapidly transformed from an arcane ...
WASHINGTON (Reuters) -Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of ...
"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.
Sen. Cynthia Lummis (R–Wyo.) has introduced a bill to make that strategic reserve real, working toward government ownership and stewardship of a million bitcoin—nearly 5 percent of the total ...
Sen. Cynthia Lummis says the Fed should sell some of its gold reserves to buy bitcoin. Sen. Lummis believes a bitcoin reserve could strengthen the dollar and help reduce the US debt pile.