U.S. Congressman 🇺🇸 Byron Donalds declared that he will vote in favor of the Strategic Bitcoin Reserve Act proposed by Senator Lummis.
He believes that:
- Bitcoin has proven to be a store of value asset, similar to gold or silver in the past.
- The limited supply (21 million BTC) helps combat inflation and monetary policies that devalue currency.
- The United States is overspending and borrowing against the future income of its citizens, leading to a decrease in the purchasing power of the USD.
- Accumulating valuable assets like Bitcoin is a wise strategy to help offset the nation's long-term debt.
- Therefore, he sees the establishment of a strategic Bitcoin reserve fund as essential for the financial future of the United States.
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https://x.com/ThuanCapital/status/1927955110723997867