$BTC Federal Reserve Chairman Bao said that the US economy is performing well and there is no need to cut interest rates in the near future. Affected by this statement, BTC and the three major stock indexes continued to fall, and spot ETFs experienced net outflows for two consecutive days.
Recently, some BTC in wallets from ancient times have moved, been transferred to exchanges and sold. However, affected by these unfavorable conditions, the BTC price is still above $90,000, and the BTC share has also risen again, which shows that the current market focus is still on BTC.
Senator Cynthia Lummis formally submitted the Bitcoin Act to the US Congress. This bill is exactly what Trump promised during his campaign that the US government would purchase at least 200,000 BTC per year and a total of 1 million BTC for five consecutive years. Given that Trump is about to take office in January next year, the probability of the bill passing is very high. Cynthia Lummis also proposed that the United States sell its gold reserves to purchase BTC. It seems that the United States really wants to play a core player in the future crypto world. If the United States really sells gold and uses BTC as its national strategic reserve asset, Europe, Australia and China will have to follow suit. By then, the size of BTC will be incomparable to today. 🤑