Bitcoin

Gold

Read

Reserve

<p><strong>Key Points</strong>:</p>   
<ul class="wp-block-list">
  
 <li><em><em>Lummis’s Federal Reserve Bitcoin Proposal suggests reallocating gold to Bitcoin for potential long-term growth.</em></em></li>   
 <li><em>The proposal highlights Bitcoin’s role as “digital gold,” attracting modern investors and signaling U.S. leadership in digital finance.</em></li> 
</ul>   
<h5 class="wp-block-heading">Senator Lummis’s Federal Reserve Bitcoin Proposal urges the Fed to sell some gold reserves and use the funds to invest in Bitcoin, citing its potential as “digital gold.”</h5>   
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2024/11/telegram-cloud-photo-size-5-6177158841876201345-y.jpg"><img src="https://coincu.com/wp-content/uploads/2024/11/telegram-cloud-photo-size-5-6177158841876201345-y-1024x576.jpg" alt="Federal Reserve Bitcoin Proposal as Lummis Suggests Selling Gold" class="wp-image-292193"></a>
 <figcaption class="wp-element-caption"> 
 </figcaption>
</figure>   
<h2 class="wp-block-heading" id="federal-reserve-bitcoin-proposal-lummis-advocates-for-gold-to-bitcoin-shift">Federal Reserve Bitcoin Proposal: Lummis Advocates for Gold-to-Bitcoin Shift</h2>   
<p>Senator Cynthia Lummis is lobbying for the bold pivot in Federal Reserve policy by selling a portion of its gold reserves in exchange for Bitcoin. She believes that while it was considered a safe haven asset when gold qualified, Bitcoin qualifying as "digital gold" creates a worthy substitute in today's digital economy. According to Lummis, the potential of Bitcoin for further growth and secure infrastructure draws notice from investors looking to incorporate assets in tune with today's financial trends.</p>   
<p>Lummis's plan emphasizes some of the main aspects with which Bitcoin differs from gold: its decentralized nature and potential for high returns. She still said such strategic reallocation of Federal Reserve assets would leave the United States in a leading position when it comes to digital finance. Thus, the proposed shift represents an attempt at national reserve diversification and tapping into the appreciation potential of Bitcoin as more investors gradually embrace cryptocurrency, according to <br><a href="https://www.bloomberg.com/news/articles/2024-11-14/trump-s-ally-lummis-pushes-to-sell-some-of-the-fed-s-gold-to-buy-bitcoin" target="_blank" rel="noreferrer noopener">Bloomberg</a>.</p>   
<p class="has-background" style="background-color:#222222"><strong>Read more: <a href="https://coincu.com/291647-bitcoin-spot-etfs-hit-1-1b-inflows-ibit-record/" data-type="link" data-id="https://coincu.com/291647-bitcoin-spot-etfs-hit-1-1b-inflows-ibit-record/" target="_blank" rel="noreferrer noopener"></a><a href="https://coincu.com/287523-italy-bitcoin-tax-will-increase-to-42/" data-type="link" data-id="https://coincu.com/287523-italy-bitcoin-tax-will-increase-to-42/"></a><a href="https://coincu.com/278299-metamask-blockchain-debit-card-launched/" data-type="link" data-id="https://coincu.com/278299-metamask-blockchain-debit-card-launched/"></a><a href="https://coincu.com/292027-robinhood-crypto-now-supports-solana/" data-type="link" data-id="https://coincu.com/292027-robinhood-crypto-now-supports-solana/"></a><a href="https://coincu.com/291898-bitcoin-spot-etf-inflows-reach-818m-amid-5-day/" data-type="link" data-id="https://coincu.com/291898-bitcoin-spot-etf-inflows-reach-818m-amid-5-day/"></a><a href="https://coincu.com/262849-dora-factory-airdrop-distribution-1m-atom-staker/" data-type="link" data-id="https://coincu.com/262849-dora-factory-airdrop-distribution-1m-atom-staker/"></a><a href="https://coincu.com/289374-sp-500-exceeds-earnings-forecasts-u-s-gov-hack/" data-type="link" data-id="https://coincu.com/289374-sp-500-exceeds-earnings-forecasts-u-s-gov-hack/"></a><a href="https://coincu.com/288921-bitcoin-rights-bill-supported-in-pennsylvania/" data-type="link" data-id="https://coincu.com/288921-bitcoin-rights-bill-supported-in-pennsylvania/"></a><a href="https://coincu.com/258561-federal-reserve-governor-predicts-rate-cuts-2024/" data-type="link" data-id="https://coincu.com/258561-federal-reserve-governor-predicts-rate-cuts-2024/"></a><a href="https://coincu.com/258561-federal-reserve-governor-predicts-rate-cuts-2024/">Federal Reserve Governor Predicts No Interest Rate Cuts in 2024 Despite Inflation</a></strong></p>   
<figure class="wp-block-table">
 <table class="has-luminous-vivid-orange-color has-text-color has-link-color">
  <tbody>
   <tr>
    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
   </tr>
  </tbody>
 </table>
</figure>  <a href="https://coincu.com/?p=292191">Read original article on coincu.com</a>

Federal Reserve Bitcoin Proposal as Lummis Suggests Selling Gold

Table of Contents

Coincu

Other articles published on Nov 14, 2024

OpenSea Unveils Major Upgrade to NFT Marketplace, Set to Launch in December

U.S. House Gets Pro-Crypto Majority, 261 Representatives Elected with Industry Support

Bitcoin Hits $90K, But Profit-Taking Remains Below Historical Levels – What’s Next for BTC?

Bitcoin Surges as Altcoins Gain Momentum

$BONK’s Rising Popularity: How Its Uptrend Could Impact Future Market Trends

Pennsylvania lawmaker introduces bill for ‘strategic Bitcoin reserve’

Join our free newsletter for daily crypto updates!