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  2. 3 Reasons Bitcoin Could Go Parabolic in 2025

    www.aol.com/3-reasons-bitcoin-could-parabolic...

    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.

  3. The case for a strategic Bitcoin reserve - AOL

    www.aol.com/finance/case-strategic-bitcoin...

    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 ...

  4. How Likely Is the Strategic Bitcoin Reserve and How Could It ...

    www.aol.com/likely-strategic-bitcoin-impact-bit...

    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 ...

  5. Here's How a Trump Presidency Could Affect Cryptocurrency for ...

    www.aol.com/heres-trump-presidency-could-affect...

    U.S. Sen. Cynthia Lummis, R-Wyoming, has already introduced the Bitcoin Act of 2024 that would make the strategic Bitcoin reserve a reality. It would commit the U.S. government to purchasing 1 ...

  6. Cynthia Lummis - Wikipedia

    en.wikipedia.org/wiki/Cynthia_Lummis

    Lummis owned at least $230,000 worth of Bitcoin in 2021. [150] In October 2021, CNBC reported that she had violated the Stop Trading on Congressional Knowledge (STOCK) Act of 2012 , a federal transparency and conflict-of-interest law, by failing to disclose within 45 days a purchase of Bitcoin she made in August 2021 worth between $50,001 and ...

  7. Why the US under Trump might start amassing bitcoin ... - AOL

    www.aol.com/know-potential-national-bitcoin...

    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.

  8. Bitcoin could soar to $500,000 if the US starts buying the ...

    www.aol.com/bitcoin-could-soar-500-000-195728585...

    "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.

  9. The Perils of Trump's Proposed Bitcoin Strategic Reserve ...

    www.aol.com/news/perils-trumps-proposed-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 ...

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