Event JSON
{
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"kind": 1,
"tags": [
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"https://crypto.news/senator-lummis-replenish-bitcoin-reserves-with-gold/"
],
[
"subject",
"Senator proposes replenishing Bitcoin reserves with gold: Here\u0026#8217;s how it will work"
],
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"1732395227"
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"Senator Lummis proposes that the Federal Reserve sell its gold reserves, valued at 1970s prices, and use the proceeds to buy Bitcoin. She believes this could strengthen the dollar's position as the world's reserve currency and reduce the country's debt burden. The initiative would also create a strategic reserve of Bitcoin, which could be used as a long-term asset. Critics argue that Bitcoin's volatility and association with illicit activities make it a risky reserve asset."
]
],
"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgz0qt9j2rdq0gh6lhcmcs97uymqmfl3k6rkw9pydxsy7zcnwanq3gk2xvke\nhttps://crypto.news/app/uploads/2024/11/crypto-news-Bitcoin-Candidates-Win-US-Congress-option03.webp\nRepublican Senator Cynthia Lummis says converting gold reserves into Bitcoin could strengthen the U.S. government’s finances. In an interview with CNBC, Lummis suggested that the Federal Reserve sell some of its gold reserves, which were valued at 1970s prices, and…\nhttps://crypto.news/senator-lummis-replenish-bitcoin-reserves-with-gold/",
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