Coinbase Warns of Potential $100 Billion Bitcoin Investment by US Government

Coinbase’s CEO has cautioned that the U.S. government is exploring a massive investment in Bitcoin, potentially amounting to $100 billion. This proposal, according to the CEO, hinges on updating gold reserves and unlocking substantial accounting gains from revaluing these assets. 1 million BTC purchase outlined in the Lummis-Gillibrand bill offers a tangible example of this potential, requiring around $100 billion investment if executed.