📉 Can the 1 Million Bitcoin Reserve Plan Be Achieved in 2025?

Web3 practitioner reports that the Federal Reserve is not allowed to hold Bitcoin, so can the 1 million Bitcoin reserve plan continue?

This plan was proposed by Republican Senator Cynthia Lummis from Wyoming, aiming to sell the Federal Reserve's gold to buy 1 million bitcoins over 5 years, using the appreciation of Bitcoin to hedge U.S. debt.💡

Federal Reserve's Position: Chairman Powell stated that the Federal Reserve is not allowed to hold Bitcoin and has no plans to accumulate it.

Fiscal Challenges: The U.S. government's fiscal deficit has reached $1.833 trillion, and even the landlord's family has no surplus grain left.

Existing Bitcoin Reserves: The more than 200,000 bitcoins held by the U.S. government mainly come from fines and confiscations related to money laundering.

The realization of this plan faces numerous challenges, including regulatory issues and fiscal pressures. Future variables will affect the direction of the Bitcoin market.