Senator Lummis claims Trump supports the law on strategic reserves of 1M bitcoin

Sen. Lummis stated that Donald Trump supports her rank of Bitcoin, which will be the mandate to build a million bitcoin.

The Bitcoin Strategic Reserve could soon become a reality. On Friday, Maya 2. May in the American Senate, Senator Sintia Lummis stated that US President Donald Trump supports her Bitcoin Akt.

I am especially satisfied with the support of President Trump for its strategic reservation initiative Bitcoin, which will address our national debt, while ensuring the position of the American position as a global financial innovation, “Cinthia Lummis senator listed.

Bitcoin first sets US workers: Lummis

In the same speech, Lummis defended Bitcoin’s security, and at the same time her opinion expressed that Bitcoin would use ordinary Americans. It is significant that Lummis said Bitcoin “everyday American and everyday workers and everyday worker around the world control their own money.”

How Bitcoin enters more use, its use makes the whole system safer, more robust and more capable to serve our needs around the world. We should be a global leader, “Lummis.

The Law, which Lummis proposed in the Senate, is the mandate of the US government to obtain a million bitcoin (BTC) Over five years. This acquisition would make the US government with the largest single Bitcoin holder, which has a limited offer of 21 million.

Currently, the American government holds about 198,000 BTCs, mostly of seized assets, with a combined value of 19 billion dollars. In current prices, it will now have to invest about $ 76 billion in BTC to reach a million BTC target. However, the prices are unlikely to stay stable, because markets would probably see this move as the main bullish signal.

Relatively illiquid supply of bitcoin, compared to traditional means, means that bitcoin price will probably increase significantly after gaining acquisition begins. We would also have to also have to compete with the Bitcoin giants, such as a strategy, which announced plans You are entered $ 84 million In BTC.