A prominent senator is preparing to propose a bill aimed at creating a national Bitcoin reserve within Donald Trump's initial 100 days in office. The bill suggests using $5 billion of federal funds to invest in Bitcoin, indicating a significant federal-level move towards cryptocurrency adoption.
The plan involves the U.S. Department of Treasury managing the reserve. The key objectives are diversifying national assets and reducing inflation risks. Experts anticipate that this initiative will enhance the U.S.'s global financial standing and foster blockchain technology advancements.
Analysts also suggest that a national Bitcoin reserve could elevate the cryptocurrency's market capitalization by $100 billion, potentially motivating other countries to adopt similar strategies.
