The Bitcoin Act of 2024 proposes to establish a strategic Bitcoin reserve in the United States, and the source of funds becomes a key challenge

PA一线
PA一线12/09/2024, 02:32 PM

PANews reported on December 9 that according to Solid Intel, the 2024 Bitcoin Act proposes that the US government establish a strategic Bitcoin reserve, partly funded by profit remittances from the Federal Reserve. However, the Federal Reserve is currently losing more than $1 billion per week, with cumulative losses reaching $212 billion, and cannot resume remittances before making up for these losses. Therefore, the initial funding of the bill may rely on revaluing and re-monetizing the US Treasury's gold reserves.

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Author: PA一线

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