Bitcoin Act: U.S. Plans $1M BTC Reserve to Slash National Debt

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Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, a proposal to establish a Strategic Bitcoin Reserve for the United States.  The plan seeks to acquire 1 million BTC over five years and reduce the national debt by 50% within two decades.

By incorporating Bitcoin into its asset strategy, the U.S.aims to position […]

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Article Details

Author / Journalist: Lipika Deka

Category: Crypto

Markets: IndiaUnited States

Topics: Top Crypto News Bitcoin Bitcoin News Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 16:30:00 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 140 words

Reading Time: 1 minutes read

Sentences: 46 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23768042

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 17 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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