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How will major financial institutions respond to U.S. Bitcoin Reserve by 2025?
3
Resolution / Starting Odds
Supportive • 25%
Opposed • 25%
Neutral • 25%
No official response • 25%
Statements from major financial institutions such as JPMorgan, Goldman Sachs, etc.
Story
Senator Lummis Proposes Selling Gold for 1M BTC Strategic Reserve
Nov 21, 2024, 03:21 PM
U.S. Senator Cynthia Lummis from Wyoming has proposed a significant shift in U.S. financial strategy by urging the government to sell its gold reserves and invest in Bitcoin. Her plan includes purchasing 200,000 BTC per year for five years to reach a total of 1 million BTC, aiming to create a Strategic Bitcoin Reserve. Lummis suggests that this move could help in reducing or eliminating the national debt over the next two decades by revaluing gold certificates at fair market value and exchanging them for Bitcoin.
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Similar markets
Supportive • 25%
Neutral • 25%
Opposed • 25%
No official stance • 25%
Supportive • 25%
Neutral • 25%
Opposed • 25%
No Reaction • 25%
Adopt similar policy • 25%
Condemn the policy • 25%
Neutral stance • 25%
Increase regulation on Bitcoin • 25%
Supportive • 25%
Neutral • 25%
Opposed • 25%
No public stance • 25%
Support and adopt • 25%
Oppose and lobby against • 25%
Increase Bitcoin investments • 25%
No significant reaction • 25%
Launch new initiatives • 25%
Increase investments • 25%
No major response • 25%
Other • 25%
BlackRock • 25%
Goldman Sachs • 25%
JPMorgan Chase • 25%
None of the above • 25%
JPMorgan Chase • 25%
Goldman Sachs • 25%
Bank of America • 25%
Other • 25%
1-2 • 25%
3-4 • 25%
5-6 • 25%
7 or more • 25%
Mostly positive • 25%
Mixed reactions • 25%
Mostly negative • 25%
No significant reaction • 25%
Goldman Sachs • 25%
JP Morgan • 25%
Morgan Stanley • 25%
Other • 25%
Establish a reserve • 25%
Sell current holdings • 25%
Maintain current holdings • 25%
Other • 25%