Allies of incoming U.S. President Trump have proposed selling a portion of the Federal Reserve's gold to purchase Bitcoin. Wyoming Republican Senator Cynthia Lummis plans to push for a bill when the new Congress is sworn in next year, which would require the U.S. to buy 1 million Bitcoins, accounting for nearly 5% of the outstanding tokens. Based on current market prices, this acquisition would cost around $90 billion. If the bill passes and investors act before the government purchases, the amount needed for the acquisition could increase.

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PANews, November 15 - According to Jinshi reports, U.S. President-elect Donald Trump, with the support of an ally in the U.S. Senate, has devised a plan to fill the strategic Bitcoin inventory proposed by Trump without increasing the government deficit by selling part of the Federal Reserve's gold. Wyoming Republican Senator Cynthia Lummis plans to promote a bill when the new Congress is sworn in next year. The bill calls for the U.S. to purchase 1 million Bitcoins, which would account for nearly 5% of the outstanding tokens. Based on current market prices, this acquisition would cost approximately $90 billion; however, if the bill is passed and investors act before the government makes its purchase, the required amount for the acquisition may increase.

A proposal from Trump's allies: Sell part of the Federal Reserve's gold to buy Bitcoin.