Senator Proposes National Bitcoin Reserve with Military Backing

U.S. Senator Cynthia Lummis has unveiled her plan for a national Bitcoin reserve, backed by military support. The proposal aims to establish one million BTC over five years, potentially mirroring historical gold reserve practices used by the U.S. Senator Lummis’s plan is being seen as an attempt to bolster economic security amidst escalating tensions with China. The initiative could have significant implications for global Bitcoin markets, impacting demand and pricing.