**Bitcoin Gains Political Traction in the US**
Bitwise’s CIO Matt Hougan left a recent Bitcoin conference in Nashville with a striking realization: “We’re not bullish enough.” Influential US politicians are now openly supporting Bitcoin, prompting Hougan to rethink its potential.
Key highlights:
- Donald Trump proposes a national Bitcoin stockpile.
- Senator Cynthia Lummis plans a Bitcoin reserve bill to tackle the $35 trillion debt.
- Robert F. Kennedy Jr. suggests the US Treasury buy 500 Bitcoin daily until 4 million are acquired.
Hougan noted that politicians may not genuinely love Bitcoin but are responding to its growing popularity among Americans. Despite the optimism, Bitcoin is down over 8% since July 29 and remains 13.4% below its all-time high.