Trump's ally proposes: sell some of the Fed's gold and buy Bitcoin

Jinshi Data reported on November 15 that an ally of President-elect Trump in the U.S. 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 Fed'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.

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