{"id":18513,"date":"2025-03-21T17:17:37","date_gmt":"2025-03-21T17:17:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18513"},"modified":"2025-03-21T17:17:37","modified_gmt":"2025-03-21T17:17:37","slug":"the-one-million-bitcoin-purchase-plan-that-everybody-ignored","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18513","title":{"rendered":"The One Million Bitcoin Purchase Plan That Everybody Ignored"},"content":{"rendered":"<div>\n<p>Senator Cynthia Lummis\u2019 plan to buy one million Bitcoins has met with remarkable market indifference.<\/p>\n<p>Despite the unprecedented scale of the proposal, Bitcoin\u2019s price has been lackluster. This lack of reaction speaks volumes about investor skepticism.<\/p>\n<p>Senator Lummis\u2019 proposal would make the U.S. one of Bitcoin\u2019s largest holders.<\/p>\n<p>The plan calls for buying 200,000 Bitcoin annually for five years, with a 20-year minimum hold requirement.<\/p>\n<p>This would put the government alongside private entities like Michael Saylor\u2019s Strategy, which already holds nearly 500,000 Bitcoin worth about $42 billion at current prices. <\/p>\n<p>The market\u2019s lackluster reaction is especially instructive. Investors are not only dubious but also flatly reject the plan\u2019s short-term prospects. <\/p>\n<p>\u201cThe market has not yet caught up to reality,\u201d as one <a href=\"https:\/\/www.mitrade.com\/insights\/news\/live-news\/article-3-709835-20250320\">observer<\/a> put it, suggesting that present pricing might not accurately reflect the possible effects of such significant government expenditure.<\/p>\n<p>Economists too have been sharply critical. Stephen Cecchetti, an economist and professor at Brandeis International Business School called the idea \u201cabsurd.\u201d Their skepticism centers on Bitcoin\u2019s fundamental differences from traditional strategic reserves.<\/p>\n<p>The implementation challenges are substantial. The &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/03\/44440675\/the-one-million-bitcoin-purchase-plan-that-everybody-ignored\" alt=\"The\" one million bitcoin purchase plan that everybody ignored>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Senator Cynthia Lummis\u2019 plan to buy one million Bitcoins has met with remarkable market indifference. Despite the unprecedented scale of the proposal, Bitcoin\u2019s price has been lackluster. This lack of reaction speaks volumes about investor skepticism. Senator Lummis\u2019 proposal would make the U.S. one of Bitcoin\u2019s largest holders. The plan calls for buying 200,000 Bitcoin [&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-18513","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\/18513","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=18513"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18513\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}