According to reports, analysts at Bernstein suggested that the United States could purchase Bitcoin as part of its strategic reserves by selling gold reserves or issuing bonds. This proposal aims to increase Bitcoin acceptance and strengthen America’s economic position. Senator Cynthia Lummis has introduced a bill that suggests the U.S. Treasury create a plan to buy 200,000 bitcoins per year for five years to reach a total of one million bitcoins. The bill proposes funding these purchases through selling part of the gold reserves or profits from deposits at the Federal Reserve banks. These actions are proposed to reduce national debt, strengthen the U.S. dollar, and maintain America’s economic influence against global competition, especially from China and Russia.
