When will the super-good news be passed in the US Bitcoin Reserve Act? Today, I will give you a schedule:

Learning from history, the gold reserve bill is too old, so let's use the more recent 1975 oil reserve bill and 1992 electricity reserve bill as an analogy.

The oil one was submitted in December 1974, debated in Congress in June 1975, and passed and signed in December of that year.

The electricity one was submitted in February 1991, debated in Congress from March to June 1992, and passed and signed in October of that year.

Even those bills that were not passed, such as the 2021 universal income, 2013 gun control, and 2013 immigration reform, all started the congressional debate process the year after submission.

The Bitcoin Reserve Act, that is, @SenLummis's BITCOIN Act of 2024, was officially submitted in July 2024.

Mr. Gou predicts that according to the previous process, the congressional agenda will begin in the second quarter of 2025. If the Trump administration pushes forward with this matter, the results of the congressional vote will come out before the third quarter. If it passes, Trump will sign the bill at the end of the year.

Therefore, Q1 of 2025 is worth looking forward to. Just imagine that if the crypto market falls like a dog in the first quarter, then this bill will also be criticized like a dog in Congress.

In this way, if there is no economic black swan, the big dealers will have to protect the future of the industry to some extent. After all, once the US bill is passed, other countries in the world will follow suit, and the pattern will rise all of a sudden. The opportunity for the bill to pass, like the opportunity to fly to Mars mentioned by Musk, may be fleeting. If you miss this time, you don’t know when the next time will be.

Big dealers, if you are watching, please protect the spot market in at least the first half of 2024, with more growth in Q1 and more stability in Q2.