Senator Lummis Proposes U.S. Sell Gold to Buy 200,000 Bitcoin Annually for Five Years, Totaling 1 Million Bitcoin

Senator Cynthia Lummis has proposed that the U.S. government sell its gold reserves to finance the purchase of Bitcoin. In a recent statement, Lummis suggested that this strategy could enable the government to acquire 200,000 Bitcoin annually for the next five years, totaling 1 million Bitcoin, and hold them for 20 years without utilizing taxpayer funds. This proposal highlights a potential shift in the government's approach to digital assets and investment strategies.

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