““I Think It’s Critical, The US Making A Statement That We’re Going To Have A Strategic Reserve Is An Empty Statement Unless You Start Putting Stuff Into It,“ He Said.”, – WRITE: www.coindesk.com
Speaking on a panel at Bitcoin 2025 in Las Vegas on Tuesday, Thiel Said That Us Government Has Many Potential Ways to Generate Bitcoin to Fill The Strategic Bitcoin Remerve “Budget-neutral” acquisition strategy laid out in Trump’s March Executive Order, Including Using Excess Hydroenergy to Mine Bitcoin DOMESESTICALLY.
Thought is been Nearly Three Months Since Trump Authorized The Establishment of A Strategic Bitcoin Reserve, IT Remains Unclear Exactly How Source of Evident FrUstration Among A Number of Speakers at the Conference.
“I Think It’s Critical,” Thiel Said of Acquiring Bitcoin for the Reserve. “The US Making A Statement That We’re Going To Have A Strategic Reserve Is An Empty Unless You Start Putting Stuff Into It.”
At this Point, The Reserve Is Supped to Hold All of the Bitcoin That Has Been Sized BY the Government in Civil and Criminal Forfeitures – Estimated to Be APXIMATELY 200.000 BitCoirs. But Many in the Industry and Government, Including Sen. Cynthia lummis (R-WYO.), Think That Getting the Government’s Existing Sistation Stockpile of Bitcoin Into A Strategic Reserve is Merely a Firmst Step, To Be Followed BYUGGER, MORE MORE MORE MORE.
In March, Lummis Re-Introduced Legislation-The So-Called Bitcoin Act of 2025-Aimed at Codification Trump’s Plans for a Strategic Bitcoin Reserve. Under lummis’ Plan, After Getting All of the Forfeited Bitcoin Into The Reserve, The Us Government Wound Spend of the Next Two To Five Years Converting A PORTION OF ITS GOLD CERTIFICATESATESATESATESTESATESATESTESATESTESATESTESTESTESTESTS.
“We have the ENUGH assets in sub -performing assets that we have a get file percent of the World’s Bitcoin with Single Dime,“ Lummis Said.
However, lummis acknowledged that is unlikely that any real movement on the bitcoin act – or, more broadly, tacking any signitificant stepes to fill theater. Before Congress Works Its Way Through Stablecoin and Market Structure Legislation.
“IT’s Going to be A Heavier Lift Than I Thought Because so Many people don’t Understand Bitcoin,” Lummis Said.
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