PANews reported on November 15 that according to Jinshi, an ally of US President-elect Trump in the US Senate has developed a plan to fill Trump's proposed strategic Bitcoin inventory without increasing the government deficit, that is, to sell some of the Federal Reserve's gold. Wyoming Republican Senator Cynthia Lummis plans to promote a bill when the new Congress takes office next year. The bill requires the United States to purchase 1 million bitcoins, accounting for nearly 5% of the outstanding tokens. At current market prices, the acquisition will cost about $90 billion, but if the bill is passed and investors act before the government purchases, the amount required for the acquisition may increase.
Trump ally proposes selling some of the Fed’s gold to buy Bitcoin
- 2024-12-28
Bitcoin spot ETF had a net outflow of $298 million yesterday, and FBTC recorded the largest single-day net outflow of $208 million
- 2024-12-28
Venture capitalist Anthony Pompliano: Digital assets are maturing and gaining a foothold in the traditional financial world
- 2024-12-28
Michael Saylor: 60 companies hold more than 590,000 BTC
- 2024-12-28
President of The ETF Store: 5 institutions have applied for crypto ETFs in the past 2 days
- 2024-12-28
ProShares files to launch Bitcoin hedge ETFs based on S&P 500, Nasdaq 100 and gold
- 2024-12-28
This week's highlights: Crypto market pullback, AI track gameplay innovation; Review 2024, look forward to 2025