Will the United States intervene to buy Bitcoin?
Senator Cynthia Lummis proposed the "U.S. Bitcoin Strategic Reserve Act" on July 31, 2024, which includes the core content of purchasing a cumulative total of 1 million Bitcoins within five years (an average of 200,000 per year).
If this is implemented, then BTC could easily reach $200,000!
So what is the status of this bill now?
First, Trump appointed the senator who proposed this plan as the chairman of the Senate Digital Assets Subcommittee to promote legislative and policy coordination. Currently, the bill has passed the initial review by the Senate Banking Committee, but the Democrats are obstructing it.
If a compromise can be reached in the second quarter of 2025, the bill is expected to enter the full voting process in the third quarter. The legislation needs to be completed before the 2026 midterm elections; otherwise, it may be completely reworked due to changes in House seats. Currently, Bitcoin Eagle assesses the probability at 30%.
Key Time Points
July 2025: The White House working group submits a policy research report to decide whether to expedite implementation through an executive order.
Second half of 2025: If the executive order path is chosen, the Treasury may initiate a Bitcoin purchasing plan.
2026 Midterm Elections: Changes in congressional seats may affect the legislative process.
