Donald Trump’s presidential election victory and the surge in bitcoin’s price to an all-time high have bolstered4 interest in the BITCOIN Act. President-elect Trump’s focus on the bold actions necessary to secure America’s economic and technology dominance includes adding bitcoin to the national reserve.
The BITCOIN Act includes a plan to acquire up to one million bitcoin over a five-year period, capping the purchases at 200,000 per year. At today’s price of ~$100,000, the program would cost ~$100 billion. The Treasury would hold the bitcoin for a minimum of 20 years and then sell them to help pay down the Federal debt.
To fund the bitcoin purchases, the Act proposes reallocating the Federal Reserve’s (Fed’s) surplus funds and adjusting the valuation of the Fed’s gold certificates ~60-fold from ~$42.2 in book value per ounce to its current ~$2,500 market price.5 Senator Lummis has suggested that the US consider selling a portion of its gold reserves to finance the SBR and diversify US reserves.
Other legislative moves are taking shape to support the diversification of reserves, increasing the odds that the US SBR will be approved. Pennsylvania, for example, has passed6 the Bitcoin Rights Bill that will create a state-level SBR, setting a bold example for other states to follow. As of November 22, Polymarket7 gave the Federal SBR a 33% chance of passing through the legislative process.
SPOT ON!
"This feels like a victory for #Bitcoin.
But - just remember - BlackRock will happy pay you $100,000-$1,000,000 for the hardest asset humanity has ever created - and they’ll hold it forever.
Be subtle in victory and calm in celebration because the enemy is always spawning.
They want your #Bitcoin and seducing you with “price” is the only trick the fiat devil knows.
The dance with the devil is just starting."
IF YOU OWN MICROSTRATEGY (bitcoin on steroids) in your IRA or 401k, you're going to want to hear this:
https://youtu.be/DJKmgOJYSGA?si=MQ3muCyA0XsdOk4t
GOLD's SCARCITY HAS ERODED IN A TSUNAMI OF NEW DISCOVERIES
UGANDA AND CHINA HAVE DISCOVERED OVER 10 TRILLION OF GOLD'.
Might be time to diversify into something actually scarce... like digital gold. Bitcoin.
https://www.youtube.com/watch?v=B6I4SCOYDps
TRUMP NEWS!!
This is Y U G E:
Donald Trump’s presidential election victory and the surge in bitcoin’s price to an all-time high have bolstered4 interest in the BITCOIN Act. President-elect Trump’s focus on the bold actions necessary to secure America’s economic and technology dominance includes adding bitcoin to the national reserve.
The BITCOIN Act includes a plan to acquire up to one million bitcoin over a five-year period, capping the purchases at 200,000 per year. At today’s price of ~$100,000, the program would cost ~$100 billion. The Treasury would hold the bitcoin for a minimum of 20 years and then sell them to help pay down the Federal debt.
To fund the bitcoin purchases, the Act proposes reallocating the Federal Reserve’s (Fed’s) surplus funds and adjusting the valuation of the Fed’s gold certificates ~60-fold from ~$42.2 in book value per ounce to its current ~$2,500 market price.5 Senator Lummis has suggested that the US consider selling a portion of its gold reserves to finance the SBR and diversify US reserves.
Other legislative moves are taking shape to support the diversification of reserves, increasing the odds that the US SBR will be approved. Pennsylvania, for example, has passed6 the Bitcoin Rights Bill that will create a state-level SBR, setting a bold example for other states to follow. As of November 22, Polymarket7 gave the Federal SBR a 33% chance of passing through the legislative process.