Introduction
The 2025 Bitcoin Bill, officially introduced to Congress by United States (US) Senator Cynthia Lummis, has had an impact on the markets. According to the bill, the US would acquire one million Bitcoins over five years and hold them for twenty years. Although some lawmakers abstained against the bill, many lawmakers supported it. Leading senators from the Republican wing such as Jim Justice, Tommy Tuberville, Roger Marshall, Marsha Blackburn and Bernie Moreno were among the names that supported the bill.
US Bitcoin Reserve Strategy Brings Abstentions as Well as Supporters
The lawmakers who support the bill foresee that the US can gain many advantages with the strategic Bitcoin reserve to be created. These advantages are the main ones;
- Minimize economic risks by holding an asset independent of central bank policies.
- Protect against inflation by diversifying national reserves away from traditional currencies.
- Strengthen financial independence by adopting Bitcoin as a long-term store of value.
MPs who opposed the bill abstained;
- Bitcoin’s price volatility poses a major risk, as it can cause unpredictable financial volatility and
- The idea that it would not be right to invest in an asset that does not have a centralized structure as a reserve.
Roadmap for the Establishment of a Strategic Bitcoin Reserve
According to the bill’s Bitcoin acquisition strategy, the US Treasury will gradually acquire one million Bitcoins over five years. In the process of acquiring Bitcoin, it will be able to build Bitcoin reserves not only through purchases, but also through confiscated crypto assets and the restructuring of existing resources.
Bo Hines, Executive Director of the Digital Assets Advisors Council, commenting on the restructuring of existing resources , stated that the US, which has the world’s largest gold reserves with more than 8,000 tons of reserves, directing the earnings from gold reserves to the purchase of Bitcoin in line with the increasing importance of crypto assets reflects Trump’s vision of turning the US into a “Bitcoin superpower“.
The bill also stipulates that the treasury will hold the highest market capitalization of Bitcoin-derived assets acquired through forks and airdrops.
General Evaluation
Broadly speaking, the bill envisages that the US will gradually acquire one million Bitcoins over the next five years and hold these assets for twenty years.
Supporters of the bill argue that the creation of a strategic Bitcoin reserve will reduce economic risks, diversify national reserves, reduce dependence on traditional currencies and strengthen financial independence. However, some lawmakers have expressed reservations that Bitcoin’s high price volatility and decentralized structure pose serious risks.
The Draft provides a comprehensive strategy that includes the acquisition of Bitcoin not only through purchase, but also through confiscated cryptoassets and the restructuring of existing resources. It also includes the diversion of earnings from gold reserves to the purchase of Bitcoin. In addition, the bill provides for the retention of Bitcoin-derived assets acquired through forks and airdrops with the highest market capitalization.
Foresight
The widely supported bill, which includes the purchase of one million Bitcoins for five years, could reshape the US’ reserve asset strategy and lead to a shrinking Bitcoin supply in the market. This, along with an increase in institutional and individual demand, could pave the way for new records in the Bitcoin price.
