🔵In July 2024, Donald Trump endorsed an initiative by Senator Cynthia Lummis. She proposed the “BITCOIN Act of 2024,” which mandates the U.S. Federal Reserve to establish a reserve of 1 million BTC — approximately 5% of the total cryptocurrency supply.
🔵The acquisition of bitcoin would be funded by revalued assets, including “gold certificates,” which would be prohibited from sale for 20 years. Lummis believes this step will help reduce U.S. debt and enhance the country’s financial stability.
🔵Support from the crypto community has sparked predictions of potential bitcoin price growth, which could lead to an investment boom!