Trump’s term may witness the adoption of a US Bitcoin reserve. Is this the only way forward or a rather large nail in the dollar’s coffin?
As US President-elect Donald Trump’s inauguration looms, Bitcoiners prepare for a potential price pump — a reflection of his pro-crypto promises that may include the adoption of a national Bitcoin (BTC) reserve.
At the center is Senator Cynthia Lummis’ contentious BITCOIN Act of 2024, which would compel the Treasury to acquire 1 million BTC over five years in annual purchases of 200,000 BTC.
This bill has sparked intense debate among crypto pundits. While some see a Bitcoin reserve as a solution to a failing fiat monetary system, others warn of significant risks. It could slide the dollar into hyperinflation, some say. Others believe that if the US doesn’t take the plunge now, it may fall behind.
