The cryptocurrency market may soon witness a significant move from the U.S. as Senator Cynthia Lummis proposes a way for the country to accumulate 1 million BTC without using tax money. This could have far-reaching effects on the crypto market and solidify Bitcoin's position in the global financial system.


Can the U.S. accumulate Bitcoin without selling gold?

One of the main proposals of #Lummis is to reprice the gold certificates of the Federal Reserve (Fed). Currently, the Fed still holds the price of $42/ounce – a figure that has been in place since 1974, while the actual gold price has reached around $3,000/ounce.


If the U.S. government adjusts this valuation to market prices, the gold assets will be "revalued", creating a massive fund to buy Bitcoin without the need to sell physical gold. This is a way for the U.S. to hold digital assets without causing inflation or increasing government spending.


Mining Bitcoin using America's energy resources

Additionally, Lummis also proposed that the U.S. could use government-owned energy resources to mine Bitcoin. This would not only help the U.S. bolster its BTC reserves but also effectively utilize untapped energy resources.


If the U.S. implements this model, it could create a large-scale Bitcoin mining frenzy, boosting the development of the crypto industry and making $BTC part of the national reserves.


Impact on the cryptocurrency market

💡 If the U.S. officially accumulates Bitcoin according to this plan, significant impacts may occur:

✅ Boosting Bitcoin prices as the supply of BTC shrinks due to a large amount being held by the U.S. government.

✅ Increasing confidence in Bitcoin as a strategic asset, which may stimulate other countries to seek ways to accumulate BTC.

✅ Changing the global cryptocurrency landscape, as the U.S. would no longer just be a crypto overseer but could become one of the largest holders of BTC in the world.


Conclusion


With these proposals, the U.S. could potentially have a strategic Bitcoin reserve fund in the near future without putting financial pressure on the economy. If Lummis's plan is implemented, the cryptocurrency market could witness a new era, where Bitcoin becomes an important asset not just for investors but also for the governments of nations. 🚀 #anhbacong