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Market
How many lawmakers will endorse the Strategic Bitcoin Reserve model by mid-2025?
3
Cynthia Lummis•Bitcoin Act•Bitcoin•US•Congress•Lummis•US Treasury•Strategic Bitcoin Reserve•Satoshi Act Fund•Fort Knox
Resolution / Starting Odds
Less than 10 • 25%
10 to 20 • 25%
21 to 50 • 25%
More than 50 • 25%
Public endorsements and official statements
Story
Senator Lummis Introduces S.4912 Bitcoin Act to Buy 1M Bitcoin Over 5 Years and Cut US Debt by $16 Trillion
Nov 17, 2024, 05:34 PM
Senator Cynthia Lummis has introduced S.4912, the 'Bitcoin Act of 2024,' which proposes the purchase of 1 million Bitcoin over five years. The bill aims to cut the US national debt by $16 trillion and is now up for a vote in Congress. Lummis, a known advocate for Bitcoin, also urged the US Treasury to convert part of its gold holdings into Bitcoin to create a Bitcoin strategic reserve, maintaining a neutral effect on the government’s balance sheet. The 'Strategic Bitcoin Reserve' model policy has been open-sourced by the Satoshi Act Fund and has received endorsements from multiple lawmakers and a presidential candidate. The reserve is envisioned as a digital Fort Knox to support and backstop the US dollar.
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1-5 states • 25%
6-10 states • 25%
11-15 states • 25%
More than 15 states • 25%
Texas only • 25%
Texas and one other state • 25%
Texas and two other states • 25%
Texas and three or more other states • 25%
Yes • 50%
No • 50%
0 other states • 25%
1-2 other states • 25%
3-5 other states • 25%
More than 5 other states • 25%
0-2 states • 25%
3-5 states • 25%
6-8 states • 25%
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Senator Cynthia Lummis • 25%
Senator Ted Cruz • 25%
Senator Elizabeth Warren • 25%
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1 to 3 • 25%
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7 to 9 • 25%
10 or more • 25%
1-2 • 25%
3-4 • 25%
5-6 • 25%
7 or more • 25%
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61% to 70% • 25%
More than 70% • 25%