CandleFocus Sen. Cynthia Lummis to Reveal Next Steps for Bitcoin Reserve
2024-11-09
Author: Content Editor
Wyoming Senator Cynthia Lummis is pushing for the establishment of a strategic Bitcoin reserve in the United States. The Bitcoin Reserve Act aims to strengthen the nation's financial position and explore lessons from El Salvador's Bitcoin adoption. Lummis sees this initiative as a way to address the national debt and economic volatility. The idea has garnered both support and skepticism in government discussions, but some market analysts predict renewed focus on a BTC reserve following Donald Trump's election win. Critics like economist Peter Schiff warn of potential risks and market crashes.
Related News
5 Factors That Could Drive XRP Price to $1,000 Altcoin Season Expected by November End: Analyst Says ‘Buy and Hold’ Ethereum breaks $3,000: Can ETH hold support at THIS level Crypto mergers and acquisitions expected to spike under second Trump presidency BONK Approaches Key Resistance, Bullish Momentum Builds Will Terra Classic Price Hit $1 Amid Strong LUNC Burn? Shiba Inu Coin Transfers Goes Live on Robinhood Crypto, Will SHIB Rally to $1? Crypto Gainers of The Day: Drift Protocol Leads with +96.4% Surge FTX bankruptcy estate sues Anthony Scaramucci and SkyBridge Capital Chainlink (LINK) Eyes $1.6 Billion Profits as Analyst Points to 37% Gain Buy signal for two strong cryptocurrencies this week USDT or USDC? Key considerations when choosing a stablecoin Chainlink’s latest 3-month high could have THIS effect on LINK’s price Hamster Kombat Surges By 60%, DWF Labs Withdraws 156M HMSTR Big Updates for RAY, ORDI, WLD, DOGE & Beyond: Daily Crypto Roundup Memecoin Supercycle: Why Analysts Are Eyeing $1.17 for Dogecoin’s Next Move Raydium weekly gains over 65%, analysts expect double-digit rally Why Bitcoin Will Soar Above Its Fresh Record: Van Straten 6.47 Trillion SHIB in 24 Hours: Will Shiba Inu Price React to Surge? Scammer Tried to Hijack Kraken Crypto Account Wearing Rubber Mask of Victim Chilean Authorities Probe World's Domiciliary Eye Scanning Activities Pilot Early look at Opensea redesign teases 'XP' points with retroactive rewards, new UI and more Ethereum’s $3,000 Milestone Sets Stage for Alternative Cryptocurrency Markets Long squeeze alert for Bitcoin as BTC longs are ‘at a risky level,’ warns analyst Cumulative traffic to exchanges increased by 8% in October — report TROY Price Surges 20%: What's Fueling the Rally? JPMorgan and BlackRock Invest in Bitcoin and XRP, Boosting Crypto Market FET Positioned for Potential Breakout Amid Shifting Market Sentiment and Short-Selling Dynamics $DRIFT’s Meteoric Rise from $0.31 to $2.85: The Case for Long-Term Holding in Crypto Ethereum Price Analysis: ETH Explodes Above $3K, Charts 20% Weekly Gains $1.47 Billion XRP in Day: XRP Price Makes Epic Reversal Dogwifhat Whale Bags $16M WIF, Price To Gain 20% Ahead? Trump’s Election Victory Fuels ADA, XRP, and SOL Gains Ethereum ETFs post record weekly inflows as ETH eyes $4,000 Litecoin Core v0.21.4 Launches with Critical Security Upgrades Ahead of Possible LTC ETF Approval Bitcoin Records Highest Growth Since January 2023 Amid ATH Surge Crypto Whale Activity Sparks Attention as $12M in $TRB Moves to OKX Trump’s Digital Assets See Gains as DeFi Venture Struggles to Reach Targets Analysts Said “This Rally Is Just The Beginning” For Bitcoin, Revealed Their Expectations Dogecoin (DOGE) Up by 30% in 7 Days: Possible Reasons NFT sales rise 16.1% to $96.1m, Bitcoin network dethrones Solana Ripple Labs in Academia, New Data Shows Diversity Solana Price Gears Up for $400 Rally as Analyst Predict 'Next Week' Breakout Is AVAX Facing a Pullback as It Hits Key Resistance? Elon Musk’s Government Role Sparks Fresh Hope for Dogecoin’s $1 Surge Bitcoin Price Prediction: How Trump’s Victory Could Drive BTC to $100K XRP Price Prediction for November 9 DeFi Passes Gaming in October To Become Top Sector in the Decentralized App Market: DappRadar Ethereum (ETH) Just Broke Biggest Hurdle, What's Next? 2 cryptocurrencies to buy and add to your portfolio for the AI boom The Unique Way the Solana Trading Ecosystem Is Making Bank A new Trump administration may boost crypto, but the devil is in the details Crypto Derivatives Market Sentiment Turns Bullish Following US Election Conclusion: Report Coinbase Analysts Say We Have High Hopes for 2025, Cite One Altcoin as a Star Peter Brandt Warns Ethereum (ETH) Bulls as Price Skyrockets Past $3,000 Bitcoin (BTC) Enters Crucial Bull Run Phase: Prediction by Investor Ari Paul Historic highs: Dow breaks 44,000, S&P hits new peak, Bitcoin eyes six figures Why Winslow Strong’s EIGEN Sale Raises Market Speculation Another ETH ICO whale sells 3,367.5 ETH for $10.16M as Ether surpasses $3,000 Web3 loyalty programs: What’s holding them back? | Opinion One Altcoin Will Outrun Both Ethereum and Solana This Cycle, According to Macro Guru Raoul Pal The Fake Investigator Scam: Police Warn of Crypto Cons Draining Accounts Michael Saylor Reacts Bullishly to Tom Lee's $100,000 2024 Bitcoin Prediction The 8 next big trends to watch in DeFi 5 On-Chain Metrics Indicate Bitcoin Price Remains Undervalued at ATH Dogecoin Price’s Rally to 7-Month High at Risk as Sell Pressure Rises Shiba Inu Burn Rate Surges 1300%, Will This Trigger a SHIB Price Rally? Regulatory Clarity on Horizon Under Trump, But Hurdles Remain - DWF Labs Trump’s Crypto Team: Cardano’s Charles Hoskinson in the Spotlight Bitcoin (BTC) Might Lose 24% by End of 2024, CryptoQuant CEO Says Pepe Coin Price Nears Breakout, Analysts Eye 200% Upswing Bitcoin (BTC) Price Prediction for November 9 Hamster Kombat Price Up 60%; Is $ Possible This Year? What Is Layer 2 in Blockchain? 2 cryptocurrencies to reach $50 billion market cap by year-end Charles Hoskinson Breaks Silence With Foundational Model of Cardano Blockchain Expert Predicts Shiba Inu Price if Total Market Cap Hits $10T GameStop: the price of the crypto GME and the latest news from Roaring Kitty Solana price prediction: A 150% SOL jump to $500 possible Pundit Says Anyone Not Leading You to XRP is Misleading You $0.01 Technically Possible for Shiba Inu with $589T Market Cap — Here’s Only Way SHIB Can Reach It with Lower Valuation Bitcoin eyes $100k milestone; NEIRO, CRO, and RAY top weekly gainers Why Is the Polygon (MATIC) Price Up? DWF Labs Receives $3M in $NEAR, Boosting Its Crypto Holdings Who Is Dan Gallagher, Who Donald Trump Will Allegedly Appoint as the New SEC Chair? What Are His Cryptocurrency Views? ETH/BTC Nearing a Bottom, Why Cowen’s Optimism for Ethereum’s Future Is Growing Here’s How Much 1 Cardano Will be Worth if ADA Market Cap Reaches $100B Crypto Price Analysis November-09: ETH, XRP, ADA, SOL, and DOGE Ethereum Rival Solana in All-Time High ‘Waiting Room,’ Says Crypto Analyst – Here’s His Outlook SHIB’s New Partnership Sparks 5% Surge; Investors Eye FLOKI and NEIRO TON blockchain: the hidden story of Telegram's crypto network Ethereum Reclaims $3,000 With 'Surprising Upturn in Bullish Sentiment' Amid Bitcoin's Record Highs Sonieum airdrop: earn the next Sony crypto for free! Bitcoin Will Surpass $250,000, Says Analyst PlanB – Here’s His Timeline Top 3 Artificial Intelligence (AI) Coins of the First Week of November 2024 Ether Blows Past $3K, Builds Bullish Momentum After Trump's Election Win and Fed Rate Cut Bitcoin pundits wary after 'spoof city' sours BTC price gains at $77K 'Rich Dad Poor Dad' Author Reveals His Bitcoin Holdings and Plans to Buy More BTC Norway supports MiCA, considers CBDC for financial stability How Does Bitcoin Mining Affect BTC Price? Whales Move 1,675,841,120,949 Shiba Inu to Coinbase at Once: Here’s What We Know XRP On Fire: Analyst Predicts $4 Milestone As Token Rallies 11% Ripple CEO Mentions XRP for the First Time on BBC Here are 5 Major Factors That Could Take XRP to $1,000 TRON Stops Above $0.16 And Risks Further Declines Shiba Inu Price Forecast: A 40% Surge Might Be Just Around the Corner Altcoins Take Main Stage as Ethereum (ETH) Explodes Above $3K (Weekend Watch) Bitcoin Fog Founder Sentenced To 12.5 Years for $400M Crypto Laundering Scheme BTC in November: With +7% So Far, Is Bitcoin Primed for Bigger Gains? VanEck CEO Provides A 'Reasonable' Target For Bitcoin Based On Gold's Value BlackRock's spot Ether ETF clocks $60.3M inflows, the highest in 94 days SOL Hits $200: Unpacking Solana’s Bullish Flag Pattern with a $1,400 Target BRETT Eyes Key Resistance Amid Growing Bullish Momentum Top 4 Cryptocurrencies Poised to Double by Next Week SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot—Report Cardano's Charles Hoskinson Touted For Crypto Advisor Role Under Donald Trump DOGE Gains 26% This Week; Will it Revisit the $0.27 Barrier? Crypto community reacts to reports of Wall St. lawyer up for SEC chair role Crypto wrap: Cardano climbs while FLR, INJ, and ICP ride Bitcoin’s momentum Ethereum To Outperform Bitcoin, Fund Managers Set $8,000 Target Solana Price Surges 22%; SOL Sets Sights on $250 Next Week Coinbase Rolls Out Trading Support for Brand-New Native Token of Ethereum Layer-2 Restaking Protocol JPMorgan Chase Denies $53,000 Pension Payout, Widow Says Bank Treated Her Like ‘Insignificant Cockroach To Be Stepped On’: Report Just In: Bitcoin Price Hits New ATH At $77k As Trump Trade Continues SEC punts decision on options trading for spot Ethereum ETFs PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound Bitcoin (BTC) 'Flattens Out': Crucial Signal, Cardano (ADA) Shows Price Pump First Time in 7 Months, Solana (SOL) $200 Captured: Is All-Time High Next? StanChart sees total crypto market cap climbing 5x to $10 trillion by 2026-end Best Staking Coins for Your Portfolio: Top DeFi Projects Revolutionizing Finance Bitcoin ETFs Hit Record $1.38B, Ethereum ETFs See $78M Boost Dogecoin Price Forecast: Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish Massive Stablecoin Inflows to Binance and Coinbase Hint at Bullish Market Rally After Trump Victory Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? Ethereum Foundation 2024 report reveals $970 million in Treasury ‘Ragnarok’ and ‘Boxing Star’ Coming to Telegram as Delabs Games Pivots to TON Could Bitcoin’s Post-Election Surge Signal Upcoming Retail-Driven Altcoin Rally? Bitcoin Boom Under Trump Could Push Crypto to $10 Trillion Market Cap: Standard Chartered Changpeng Zhao ‘CZ’ reflects on FTX collapse anniversary Bitcoin Diversification Tempts, But Here’s Why Banks Are Still Reluctant Sen. Cynthia Lummis to Reveal Next Steps for Bitcoin Reserve Richard Farley to Replace SEC's Gary Gensler Under Trump? Pendle Moves $3.37M in Tokens to Binance, Signaling Potential Market Activity