The conversation around whether the United States should establish a Strategic Bitcoin Reserve is moving from theory to Capitol Hill. On Tuesday, lawmakers and leading crypto executives will convene for a roundtable hosted by Senator Cynthia Lummis and Representative Nick Begich to discuss the BITCOIN Act—a proposal for the U.S. government to acquire 1 million BTC over five years through so-called “budget-neutral strategies.”
If passed, it would represent the first formal commitment by the U.S. government to treat Bitcoin as a long-term reserve asset—a digital parallel to America’s historic gold stockpile.
Saylor and Industry Giants Join the Push
Among those backing the plan is Michael Saylor, co-founder of Strategy and a prominent Bitcoin advocate, whose company already holds nearly 639,000 BTC worth $73 billion, representing more than 3% of total supply.
Joining him at the roundtable are:
- Fred Thiel, CEO of Marathon Digital
- Charles Hoskinson, founder of Cardano
- Additional leaders from across the crypto industry
Together, they will argue that a Strategic Bitcoin Reserve could bolster U.S. financial stability, hedge against inflation, and secure America’s role in the global digital economy.
The Policy Vision
The BITCOIN Act proposes accumulating one million BTC by 2029. Supporters frame it as a proactive hedge against debt and inflation.
According to analysis shared by VanEck:
- If Bitcoin compounds at 25% annually, the U.S. could reduce its projected 2049 debt by $21 trillion (around 18% of the total).
- This assumes debt grows 5% annually and BTC climbs to roughly $21 million per coin by 2049.
Though highly optimistic, the scenario illustrates how sovereign Bitcoin reserves could reshape global finance.
Global and Domestic Reactions
If the U.S. embraces Bitcoin reserves, other nations may be forced to respond—by buying, regulating, or restricting the asset. Such a move could elevate BTC to a mainstream macroeconomic tool, but it also introduces tensions.
- Supporters view the plan as legitimizing Bitcoin’s role as digital gold.
- Critics warn it could distort supply, reduce availability to private investors, and compromise decentralization.
Sentiment across the crypto community is divided—excitement tempered by skepticism.
Market Impact
A government-driven purchase of up to one million BTC would tighten supply in a market where only 21 million coins will ever exist (19.9 million already mined). Analysts believe this could propel the Bitcoin price past $150,000 in the short term, with spillover effects lifting altcoins and sparking a broader crypto rally.
As of now:
- BTC trades at $115,222, down 0.8% on the day.
- Trading volume surged 58%, according to CoinMarketCap.
- Prices have bounced from $112,000 to $116,000 following Strategy’s latest purchase announcement.
What Comes Next
Despite growing momentum, the BITCOIN Act faces hurdles. Currently supported primarily by Republican lawmakers, it must pass through the House Financial Services Committee and the Senate Banking Committee before advancing further.
Still, momentum is building. With stablecoin legislation already passed earlier this year, lawmakers appear increasingly focused on broader crypto frameworks that could define America’s digital financial future.
