The U.S. Treasury is going to buy 1 million Bitcoins! Is the market going to be explosive?
Recently, the "Bitcoin Bill" proposed by U.S. Senator Cynthia Lummis has caused a sensation!
She suggested that the U.S. Treasury purchase 1 million Bitcoins within five years to establish a national strategic reserve, and she has received support from Trump. Once this news broke, Bitcoin immediately became the focus, and market sentiment was instantly ignited!
If the U.S. really starts buying Bitcoin on a large scale, demand will surge, especially with a significant boost in confidence among long-term investors, leading to naturally higher market prices.
This week's market impact
Market sentiment warms up: The U.S. government's policy support has rekindled many investors' interest in Bitcoin. Institutional funds are increasing, retail investors are returning, and capital inflow is accelerating.
Funds are pouring into Bitcoin: U.S. policy support could make Bitcoin a mainstream safe-haven asset, attracting more capital, while potentially boosting other altcoins, but the market's focus remains on BTC.
This proposal is undoubtedly a huge positive for Bitcoin, and the crypto market is set to welcome policy support, but short-term volatility cannot be ignored. During a hot market, calm operation and steady layout are key.
