$BTC The concept of a U.S. Bitcoin reserve has garnered significant attention, especially with the introduction of the Bitcoin Act by Senator Cynthia Lummis. This legislation proposes that the U.S. Treasury acquire 1 million BTC over five years, establishing a strategic Bitcoin reserve. 

Proponents argue that such a reserve could bolster the U.S. economy by leveraging Bitcoin’s appreciation. Asset management firm VanEck estimates that if Bitcoin’s value increases at a compounded annual growth rate of 25%, reaching approximately $42.3 million per coin by 2049, a 1 million BTC reserve could offset about 35% of the national debt, equating to $42 trillion. 

However, critics caution against potential risks. Elliott Investment Management, a prominent hedge fund, criticizes the current administration for fueling a cryptocurrency frenzy, warning that such actions could harm investors and undermine the U.S. dollar’s status as the global reserve currency. 

International perspectives vary. European Central