💥 BiG News 📰 U.S Government announced.🚨

The news about the U.S. government planning to purchase 1 million Bitcoin stems from a proposal by Senator Cynthia Lummis. She introduced a bill aimed at establishing a strategic Bitcoin reserve, which would see the U.S. government accumulate about 5% of Bitcoin’s total supply over five years. This initiative is framed as a way to address national debt and secure the dollar’s position as a global reserve currency. The proposal includes transferring existing government-held Bitcoin into a Treasury-managed reserve, with the goal of holding these assets for at least 20 years to mitigate debt   .

This is still a proposal and would need to pass through Congress to become law. There’s significant debate about its feasibility and implications for the economy.