Recently, the U.S. Congress held a meeting to discuss a controversial proposal: to include Bitcoin as a "strategic reserve asset" for the country. This proposal suggests purchasing 1 million Bitcoins over the next 5 years, which is approximately equivalent to more than $60 billion at current market capitalization. The proposal has received support from key figures in the Republican Party and some Large Investors in Bitcoin, and is seen as a continuation and deepening of policies from the Trump era.



This news may trigger panic buying sentiment in the market in the short term, especially potentially pushing Bitcoin to break the key resistance level of $70,000. However, investors need to be wary of the phenomenon of "buy the rumor, sell the news," as the passage of the bill still requires time, and there may be fluctuations in the interim.

In the long run, if the United States really incorporates Bitcoin into its strategic reserves, it will endow Bitcoin with the status of "global hard currency," potentially prompting other countries to follow suit, creating a virtuous cycle that will be beneficial for Bitcoin prices in the long term.

However, this move also carries potential risks. The government's large-scale accumulation of Bitcoin may exacerbate centralization trends, which contradicts the original intention of cryptocurrency decentralization. In addition, the decision-making process in Congress is often lengthy and complex, making it difficult to reach a consensus in the short term.

Regardless, when the national level begins to consider incorporating Bitcoin into strategic reserves, it signifies that cryptocurrency has entered a new stage of development. This is not just a frenzy for retail investors, but a potential global asset restructuring. For ordinary investors, closely monitoring policy trends and rationally assessing risks and opportunities may help seize the initiative in this asset revolution.
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0xTherapistvip
· 20h ago
7w is right in front of us!
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CryptoHistoryClassvip
· 09-17 13:49
*checks historical charts* ah yes... tulip mania 2.0 incoming
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MetamaskMechanicvip
· 09-17 13:49
Bull, doing such a big job.
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ShibaMillionairen'tvip
· 09-17 13:47
retail investor Rekt reserved
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GasGuzzlervip
· 09-17 13:42
Just kidding, 200k next year
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LongTermDreamervip
· 09-17 13:39
The three-year bull run is right in front of us, and the suckers who are both losing and unwilling to sell are just suckers.
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ImpermanentPhilosophervip
· 09-17 13:29
Tsk tsk... The government has also started playing with coins.
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