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Market
What will be the status of the U.S. dollar as a reserve currency by 2030?
4
Resolution / Starting Odds
Remains the primary reserve currency • 25%
Loses primary status but remains significant • 25%
Significantly reduced status • 25%
No longer a reserve currency • 25%
Reports from the International Monetary Fund (IMF) and major financial institutions
Story
Senator Lummis Proposes Federal Reserve to Buy 200,000 BTC Annually for 5 Years to Back USD and Offset Debt
Dec 19, 2024, 06:35 PM
U.S. Senator Cynthia Lummis has proposed granting the Federal Reserve the authority to own Bitcoin, suggesting the creation of a Strategic Bitcoin Reserve. The plan involves the Federal Reserve purchasing 200,000 BTC annually for five years and holding it for at least 20 years. Lummis argues that this reserve could help back the U.S. dollar as the world's reserve currency and offset the national debt, which currently stands at over $36 trillion. She also expressed the view that Bitcoin's value will continue to grow while the U.S. dollar's value declines.
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Similar markets
Remains unchanged • 25%
Strengthens • 25%
Weakens • 25%
Loses status • 25%
Retains status • 50%
Loses status • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Strengthens significantly • 25%
Remains stable • 25%
Weakens • 25%
Other • 25%
