Is the U.S. Strategic Bitcoin Reserve on the Horizon? Key Legislation May Spark Global Attention
Ledn co-founder Mauricio di Bartolomeo points out that the possibility of the U.S. establishing a strategic Bitcoin reserve is rising, and recent legislative proposals are becoming a hot topic in the market.
1. Pennsylvania Takes the Lead
Last week, the "Pennsylvania Bitcoin Strategic Reserve Act" was officially proposed, allowing the state to allocate 10% of its assets, including general funds, rainy day funds, and state investment funds, to Bitcoin. According to the latest financial report, these funds manage approximately $51 billion in assets, meaning a potential $5.1 billion Bitcoin investment with the 10% allocation. Following this announcement, the price of Bitcoin saw a significant increase.
2. Cynthia Lummis Advocates for Federal Legislation
At the federal level, U.S. Senator Cynthia Lummis previously proposed the "Bitcoin Act," recommending that the U.S. government establish a national Bitcoin reserve, planning to purchase up to 200,000 Bitcoins each year over the next five years. This could represent a potential market demand of up to $23.3 billion, enough to have a profound impact on the Bitcoin market.
3. Major Impact and Global Effects
If any of these proposals are passed, the U.S. could become the first country to establish a strategic Bitcoin reserve. This would not only change the asset allocation patterns of traditional sovereign investment portfolios but could also trigger discussions on Bitcoin allocation worldwide. Whether other countries' governments and asset management giants will follow the U.S. strategy will be a key observation point in the coming months.
4. Bitcoin Price Highly Correlated with Reserve Discussions
As these proposals progress, the U.S. strategic Bitcoin reserve is expected to become the central theme of market attention. Potential large purchases by institutions and the government may provide long-term support for the price of Bitcoin, while also bringing more opportunities to the entire cryptocurrency market.
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