US Senate plans Bitcoin reserve under Trump
The plan involves creating decentralised vaults to securely store one million Bitcoins over five years, funded by revaluing assets like gold certificates, to bolster the nation’s financial standing.
The US Senate is working to establish a strategic Bitcoin reserve within the first 100 days of Donald Trump’s presidency, with Senator Cynthia Lummis leading the charge. Her BITCOIN Act proposes creating decentralised vaults across the country to securely store one million BTC over five years. The plan includes revaluing assets such as gold certificates to fund Bitcoin purchases, aiming to strengthen the nation’s financial position.
The initiative has sparked optimism within the crypto industry, with analysts predicting it could accelerate Bitcoin’s growth and attract institutional interest. David Bailey, CEO of BTC Inc., has called the reserve the most transformational policy on Trump’s agenda, highlighting its potential to reshape the financial landscape.
Bitcoin’s price has soared recently, repeatedly hitting all-time highs and reaching $93,000 amid a broader market rally. While some attribute this surge to Trump’s pro-crypto stance, others suggest predictable post-halving dynamics as the primary driver. Regardless, the combination of policy support and market conditions appears to be boosting Bitcoin’s appeal as a major investment asset.
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