(Bitcoin Act of 2024) introduced by United States Senator Cynthia Lummis shows that the purchase of bitcoin as a new strategic reserve will be partially financed through a revaluation of the Fed's gold. The program buys up to 200,000 bitcoins per year for five years, for a total of 1 million bitcoins. These bitcoins will be held for at least 20 years, primarily to pay off federal debt, after which no more than 10% of assets can be sold in any two years. The draft also proposes a decentra...