U.S. Bitcoin Act Could Unlock $1.5 Trillion From Gold Conversion

TLDR: The Lummis Bitcoin Act could convert gold certificates into Bitcoin, injecting up to $1.5 trillion into U.S. reserves. The Treasury may reprice gold from $42.22 to $4200 per ounce to fund Bitcoin purchases worth $90–200 billion yearly. The Federal Reserve’s gold revaluation would create an internal cash credit for Bitcoin acquisitions without selling gold. [...]

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