Senator Lummis says Treasury should convert gold for Bitcoin reserve 💰
Senator Lummis has suggested a significant shift in U.S. financial strategy, proposing that the Treasury consider converting its massive gold reserves into Bitcoin. The U.S. currently holds the largest gold reserves, surpassing 8,000 tons.
This proposal underscores the growing influence of Bitcoin and cryptocurrency in the financial world, as policymakers and financial institutions increasingly explore digital assets as viable reserves.
Such a move could signify a radical transformation in reserve management and reflect a broader adoption of cryptocurrencies like Bitcoin at the governmental level, potentially influencing global economic strategies.
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