Senator Lummis says Treasury should convert gold for Bitcoin reserve

The United States government has the biggest gold reserves in the world, with over 8,000 tons of the precious metal on its balance sheet.

[Source](https://cointelegraph.com/news/senator-lummis-says-treasury-should-convert-gold-bitcoin-reserve)

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Doesnt the US owning bitcoin incentivize inflation, hurting its citizens? Thinking about the game theory, if the US wants to own bitcoin, it will want it's price to go up. What better way to pump the price than debase the USD, by issuing more and more debt?

Seems like the solution is more than just establishing a bitcoin strategic reserve. The problem is government spending.

Your post is well-written and easy to understand. Thank you for making complex concepts accessible.

Lummis's proposal reflects a growing recognition of Bitcoin's potential as a legitimate asset class. By advocating for a Bitcoin reserve, she aims to enhance the U.S. government's financial strategy and ensure that it remains competitive in the global economy. This shift could also signal a broader acceptance of cryptocurrencies within traditional financial systems, potentially influencing future policy decisions regarding digital assets.