The machinery for America’s Strategic Bitcoin Reserve stands ready to roll, awaiting only congressional approval to clear the final hurdles. Senator Cynthia Lummis revealed on Monday that presidential backing has removed the executive barriers, leaving only legislative procedures in the way.
The senator’s announcement came while responding to investment discussions about leveraging the government’s trillion-dollar paper profits from gold holdings. Jeff Park, chief investment officer of ProCap BTC, proposed reinvesting these gains into Bitcoin, arguing the move presents minimal risk against America’s $37.88 trillion debt load.
Gold Profits Could Fund Bitcoin Strategy
Park outlined how a 12% annual Bitcoin appreciation could generate 30-fold returns over three decades. Lummis endorsed this analysis, calling it a compelling justification for passing the Bitcoin Act.
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The U.S. bitcoin reserve will initially hold bitcoin seized through legal proceedings by the Treasury Department. Officials promise future acquisitions through budget-neutral methods that won’t burden taxpayers.
The market is awaiting the Bitcoin reserve regulation with much anticipation. Seven months have passed since President Trump’s executive order established the reserve framework, yet concrete implementation remains pending. According to Bitcoin analyst Anthony Pompliano, investors are watching closely for the government’s first Bitcoin purchase announcement, as it may trigger the price movement upwards, noting that existing holdings represent just the appetizer, not the main course.
