Bitcoin Act of 2024 proposes that the US government establish a strategic Bitcoin reserve

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ODAILY
12-09
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According to market Odaily, the Bitcoin Act of 2024 proposes that the US government establish a strategic Bitcoin reserve, part of which will be funded by profit remittances from the Federal Reserve. However, the Federal Reserve is currently losing more than $1 billion per week, with cumulative losses reaching $212 billion, and cannot resume remittances before making up for these losses. Therefore, the initial funding of the bill may rely on revaluing and re-monetizing the US Treasury's gold reserves. (Solid Intel)

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