đșđž US Congress Targets 1 Million Bitcoin for National Reserve!
âThe U.S. might be positioning itself as a major Bitcoin whale.
âCongressman Nick Begich (R-AK) and Senator Cynthia Lummis (R-WY) introduced the BITCOIN Act, a bill that proposes establishing a Strategic
Bitcoin Reserve (SBR) for the nation.
âKey Provisions:
âTarget: Acquire 1,000,000 BTC over a five-year period.
âFunding: Use "budget neutral strategies," such as Federal Reserve remittances, to avoid new taxpayer burden.
âGoal: Treat Bitcoin as a strategic reserve asset, similar to gold, to diversify the U.S. balance sheet and secure its economic future.
âHold: The acquired Bitcoin would be held for a minimum of 20 years.
âStatus: This is a bill introduced in Congress, not a passed law or official government purchase order. It signifies a major move by lawmakers to formally recognize Bitcoin as a strategic national asset.
