#JELLYJELLYFuturesAlert
A discussion within one community quickly ignited debate across financial circles when Senator Cynthia Lummis proposed that the U.S. government should sell its gold reserves to buy Bitcoin.
She argued that while gold has long been a traditional store of value, Bitcoin’s scarcity, decentralization, and transferability make it the superior asset in the digital era.
Hypothetically, if the U.S. Treasury allocated just 11% of its gold reserves to Bitcoin, it could purchase nearly a million BTC, potentially driving its price to $500,000.
However, while the idea is compelling, such a move remains unlikely due to Bitcoin’s widespread distribution among individual and corporate holders. If the government were to buy BTC on a massive scale, whales would likely sell aggressively, making it difficult to sustain high prices.
Still, speculation continues to fuel renewed interest, and if these rumors persist, Bitcoin could surge past $90,000 in the coming days.