{"id":13479,"date":"2025-02-17T13:01:48","date_gmt":"2025-02-17T13:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13479"},"modified":"2025-02-17T13:01:48","modified_gmt":"2025-02-17T13:01:48","slug":"bitcoin-reserve-can-potentially-secure-u-s-superpower-status","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13479","title":{"rendered":"Bitcoin Reserve Can Potentially Secure U.S. Superpower Status"},"content":{"rendered":"<div>\n<ul>\n<li>Trump Can Potentially Secure U.S. Superpower Status For The Century To Come With Bitcoin Reserve<\/li>\n<\/ul>\n<p>A Bitcoin Reserve would change everything. The U.S. government is close to securing its status as global superpower thanks to President Donald Trump&#8217;s open-mindedness about a Bitcoin Reserve. The Republican Party seems to be generally on board.<\/p>\n<p>One of the most noteworthy steps towards that direction happened when Sen. Cynthia Lummis of Wyoming proposed a strategic Bitcoin reserve by selling Federal Reserve gold in her proposed bill, The BITCOIN Act, short for Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide.\u00a0<\/p>\n<p>Lummis plans to introduce the bill when Congress begins their 2025 session. The bill outlines a plan to purchase 1 million Bitcoin, which encompasses nearly 5 percent of the Bitcoin supply.\u00a0<\/p>\n<p>The purchases would cost $90 billion at current Bitcoin prices. The sum could increase, however, as other governments front-run the U.S. purchases.\u00a0<\/p>\n<p>&#8220;We already have the financial assets in the form of gold certificates to convert to Bitcoin,&#8221; Lummis said in an interview with Bloomberg. &#8220;So the effect on the US balance sheet is pretty neutral.&#8221;<\/p>\n<p>The bill requires the Treasury Secretary to set up a decentralized network of secure Bitcoin storage facilities distributed across the United States, called the Strategic Bitcoin Reserve for the cold storage of government Bitcoin holdings.<\/p>\n<p>&#8220;Just as gold reserves have &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43765261\/bitcoin-reserve-can-potentially-secure-u-s-superpower-status\" alt=\"Bitcoin\" reserve can potentially secure u.s. superpower status>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump Can Potentially Secure U.S. Superpower Status For The Century To Come With Bitcoin Reserve A Bitcoin Reserve would change everything. The U.S. government is close to securing its status as global superpower thanks to President Donald Trump&#8217;s open-mindedness about a Bitcoin Reserve. The Republican Party seems to be generally on board. One of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13479","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13479"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13479\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}