In a surprising turn, the U.S. Federal Reserve is reportedly exploring the possibility of using profits from the national gold reserve to kickstart a U.S. $BTC bitcoinBitcoin reserve, based on a proposal by Senator Cynthia Lummis, a well-known advocate for crypto regulation.
๐ช The idea comes as the U.S. Treasury sits on a $750 billion gold hoard, officially valued at just $11 billion. By revaluing this gold stockpile, the Fed could unlock significant funds โ which Senator Lummis suggests could be redirected toward sovereign Bitcoin holdings, creating a digital reserve alongside traditional assets.
This marks a historic shift in monetary policy thinking โ if implemented, it could:
๐น Legitimize Bitcoin at a national level
๐น Signal global confidence in digital assets
๐น Spark a domino effect with other countries exploring Bitcoin reserves
๐ฅ The U.S. holding Bitcoin could be a game-changer for the crypto market. Is this the next step in crypto adoption?
Let us know what you think โ should central banks hold Bitcoin?
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