The strategic Bitcoin reserve could set up Bitcoin’s price for an over $1 million valuation this market cycle, according to Adam Back
A Bitcoin-related bill is gaining support in the United States, signaling a potential boost for the cryptocurrency’s value, which could hit $1 million.
Former President Donald Trump’s victory in the 2024 presidential election on Nov. 5 has sparked optimism for more crypto-friendly policies.
One of the most anticipated bills is the Bitcoin Act, championed by Wyoming Republican Senator Cynthia Lummis, which proposes the creation of a strategic Bitcoin (BTC) reserve for the US, making it the first nation to use it as a “savings technology.”
