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The Bitcoin Act of 2024: A New Chapter in U.S. Financial Strategy
In an unprecedented move, the United States government has introduced a bill dubbed the Bitcoin Act of 2024, aiming to establish the nation as the leading player in the cryptocurrency market. The act proposes that the U.S. Treasury purchase 1 million Bitcoins over a five-year period, which represents approximately 5% of the remaining Bitcoin supply. This ambitious legislation has garnered attention and sparked debates among financial experts, policymakers, and the public regarding its potential implications and risks.