The US Senator Cynthia Lummis, favorable cryptocurrencies, confirmed that obtaining funds for the Strategic Bitcoin US reserve can “start at any time.”
Lummis claims that the US can start buying BTC “at any time”
In the Monday post on X Lummis, she stated that although the Legislative process in the USA is a “passion”, thanks to “President Trump” “obtaining funds” for a strategic Bitcoin reserve can “start at any time.” In this way, she commented on the post of the Procap BTC investment director, Jeff Parka, who released a film in which he and Anthony Pomplianiano, discuss the potential start of the Bitcoin strategic reserve.
The park wondered what would happen if the government could use 1 trillion USD paper profits from gold to reinvest in Bitcoin. In his opinion, taking into account the government’s fiscal debt of about USD 37.88, the use of USD 1 trillion would be a relatively low risk, so the authorities can afford it.
Something amazing can happen here … If you have Bitcoin and assume that its value will increase by 12% per year, you will earn 30x within 30 years
– he said.
In his opinion, “this will actually allow you to cover most of the existing budget deficit.”
How to get a shopping capital?
It is not known, however, how the USA will raise capital for a strategic Bitcoin reserve. The reserve will be initially “capitalized with Bitcoins owned by the Treasury Department”, which were taken over in civil or criminal proceedings. Then another BTC can be obtained via budgetary neutral channels, which “do not impose additional costs on American taxpayers.” But what does that mean?
Seven months have passed since President Donald Trump signed an executive regulation establishing Bitcoin’s reserve, but no specific reserve formula has yet been approved. His decision is quite … theoretical. In practice, the US government does not buy Bitcoins.
In an interview with CNBC At the weekend, Anthony Pompliano said that a breakthrough could happen at any time:
First of all, the US government will at some point announce that it is buying bitcoins. Creating the initial strategic reserve and storing the bitcoins we already had there was a good idea. But this is not the main course.
