The White House is preparing a major announcement on a Bitcoin reserve expected in the coming weeks.



The BITCOIN Act has been renamed ARMA, aiming to buy up to 1 million BTC over 5 years.

Congress is working to enshrine the initiative into law.

$BTC
BTC-1.68%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • 10
  • Share
Comment
Add a comment
Add a comment
GateUser-634ae966
· 2h ago
ARMA, this name has become quite interesting, going from a bill code to sounding like a weapon project.
View OriginalReply0
LighthouseInTheMist
· 2h ago
So, is this about openly competing with central banks of various countries for market share?
View OriginalReply0
SweepTheFloor
· 2h ago
If Congress endorses it, then it's not just an executive order that lasts a day; long-term holders can sleep more peacefully.
View OriginalReply0
GateUser-e3701961
· 2h ago
One million coins in five years, averaging over 500 coins per day, can the market absorb the selling pressure?
View OriginalReply0
On-ChainHealthInspector
· 3h ago
What does 1 million BTC mean? Even Satoshi Nakamoto's wallet doesn't have that much.
View OriginalReply0
Lemon-FlavoredStopLoss
· 3h ago
The White House has finally woken up. If this is implemented, the BTC narrative will directly upgrade to a national strategic asset.
View OriginalReply0
GateUser-0fdb3438
· 3h ago
Can those old guys in Congress understand private key management? Focus on that first.
View OriginalReply0
GateUser-4cc35c5c
· 3h ago
The five-year plan sounds like Soviet economic planning, but buying Bitcoin is way more interesting than making steel.
View OriginalReply0
ProofOfVibes
· 3h ago
Renaming to ARMA is it to sound more like a defense-related entity, so that the budget approval goes through?
View OriginalReply0
View More
  • Pin