Senator Lummis Calls for Open US Sovereign Bitcoin Accumulation
Senator Cynthia Lummis called for the United States to openly accumulate Bitcoin while other nations are reportedly buying quietly. Morgan Stanley announced it is offering loans against spot Bitcoin ETF holdings at a 50% loan-to-value ratio.
Bitcoin Reserve: the government wants to buy 5% of all Bitcoin that will ever exist
The BITCOIN Act would have the US Treasury purchase 200,000 Bitcoin a year for five years. One million coins. Roughly 5% of the total supply that will ever exist, locked up for twenty years by law.
That is an extraordinary amount of supply permanently off the market — and here is the tension no one wants to say plainly: a government holding 5% of Bitcoin is not a ringing endorsement of decentralisation. It is a sovereign concentration of a monetary asset that was designed to have no sovereign owner.
The distributed vaults don't really fix that. The coins still answer to Washington.
I hold Bitcoin precisely because no government controls it. A mandatory government buy programme is bullish for price and genuinely uncomfortable for everything else that makes Bitcoin worth owning.
Sources · 2
- Morgan Stanley offers loans against spot Bitcoin ETF holdings at 50% LTVcryptobriefing.com · T2
- Cynthia Lummis calls for US to accumulate Bitcoin openly while other nations buy quietlycryptobriefing.com · T2