"There is a global race for #Bitcoin going on right now. Whether you are a local, state, or federal government official, you should be figuring out how to get as much Bitcoin onto the balance sheet as possible. This is not like gold where we can just go dig up more of it out of the ground." — Anthony Pompliano :pomp:

:lummis: Senator Cynthia Lummis has introduced the #Bitcoin Act of 2024, which is now in the initial stage of the legislative process. For the proposal to become law, it must first pass through the Senate and the House of Representatives before reaching the President for approval. :trump: The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership. The proposal includes acquiring 1 million bitcoin over five years and using :usfed: Federal Reserve remittances to fund the program.

Satoshi era #Bitcoin wallet just moved 2000 BTC for the first time since 2010.

Goldman Sachs, once critical of #Bitcoin, now holds U.S. $718M in Bitcoin ETFs, with $461M in BlackRock's IBIT.