Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Trump's ally proposes selling some of the Fed's gold in exchange for 1 million Bitcoins

Trump's ally proposes selling some of the Fed's gold in exchange for 1 million Bitcoins

CointimeCointime2024/11/15 03:55
By:Cointime

US President-elect Trump has developed a plan with an ally in the US Senate to fill the strategic Bitcoin inventory proposed by Trump without increasing the government deficit by selling some of the Federal Reserve's gold. Republican Senator Cynthia Lummis of Wyoming plans to push a bill in the new Congress next year. The bill requires the United States to purchase 1 million Bitcoins, accounting for nearly 5% of outstanding tokens. Based on the current market price, the purchase will cost about 90 billion US dollars, but if the bill is passed and investors act before the government purchases, the required amount for the purchase may increase. 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!