Trump ally proposes selling some of the Fed’s gold to buy Bitcoin

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.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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