NEW US BILL PROPOSES SELLING GOLD TO BUY BITCOIN

Tina Collins

Nov 21, 2024

A new bill has been proposed by US Senator Cynthia Lummis.

The bill aims to establish a national strategic reserve of Bitcoin.

Lummis suggests selling part of the US Federal Reserve’s gold reserves to finance Bitcoin purchases.

The proposal aligns with President-elect Donald Trump’s vision of a Bitcoin reserve.

Lummis explains the strategy in an interview with Bloomberg, emphasizing Bitcoin’s future role in the economy.

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MICROSTRATEGY BUYS $4.6 BILLION WORTH OF BITCOIN IN HISTORIC DEAL

US FEDERAL RESERVE PREPARING A STRONG SURPRISE FOR MARKETS

GOLDMAN SACHS EXPECTS RBA AND NZRB TO CUT INTEREST RATES

The Week Ahead: UK Economy Stalls, UK CPI, Nvidia, Walmart, and JD Sports