Bitcoin Act 2025: US Plan to Buy 1 Million BTC in 5 Years

Bittime - The United States government is proposing Bitcoin Act 2025, a bill intended to buy 1 million Bitcoins in five years without using people's taxes. This strategy is designed to strengthen the resilience of the US economy in the digital era.

Why Does the US Want to Accumulate Bitcoin?

Bitcoin is increasingly being viewed as strategic assets which can function like gold in the global financial system. The US government considers Bitcoin ownership essential for:

• Protecting the economy from inflation and global financial instability
• Ensure the US remains a leader in the digital economy
• Reducing dependence on traditional monetary systems and confronting other countries' potentially detrimental economic policies

By having strategic Bitcoin reserves, the US is trying to strengthen its position in the growing global economy.

Also read: Still Saving in a Piggy Bank? These are the risks and drawbacks!

Isi Bitcoin Act 2025

On March 11, 2025, Nick Begich, a member of Congress from Alaska, introduced BITCOIN Act of 2025 in the US House of Representatives.

This bill defines Bitcoin as strategic assets that would help the US maintain long-term financial stability, similar to how the government holds gold reserves.

Bitcoin Act 2025 Key Points:

• The US will acquire 1 million BTC in five years through a transparent mechanism
• The purchase is made without burdening public taxes, using budget sources such as Federal Reserve remittances and revaluation of gold certificates
• All Bitcoins earned will be stored in cold storage which is very safe to avoid the risk of theft or market manipulation

According to Nick Begich:

"America cannot afford to be left behind in these global economic changes. With the Strategic Bitcoin Reserve, we ensure the economy remains strong and able to compete on an international level."

This bill also continues the policy of President Donald Trump's Executive Order, which has previously pushed for a national strategy regarding Bitcoin.

Also read: Economic Development: Positive and Negative Impacts

Senate Support and Future Implications

This bill also received support in the US Senate through an initiative filed by Senator Cynthia Lummis of Wyoming. Lummis, who has been known as a supporter of digital assets, emphasized:

"Bitcoin is not just a technological innovation, but also a strategic necessity to ensure America remains a leader in the global financial system."

The bill also includes provisions that protect individual rights, such as:

• Prohibits government restrictions on private ownership of Bitcoin
• Guaranteeing citizens' freedom to store Bitcoins in personal digital wallets

Along with Bitcoin's market capitalization value which has exceeded $1.2 trillion, the US does not want to lose momentum in the global digital economic competition.

Conclusion

The Bitcoin Act 2025 is an ambitious step for the US to accumulated 1 million BTC in five years as part of an economic resilience strategy. By not burdening people's taxes, this bill aims to make Bitcoin a strategic reserve assets, similar to the role of gold in a traditional economy.

If passed, this legislation has the potential to strengthen the US' position in the global financial ecosystem and ensure the country remains at the forefront of the digital asset era.

FAQ

Is this bill already in effect?

It is currently still in the submission stage in the US Congress and Senate.

How will the government buy Bitcoin without taxing the public?

The government will use funding sources such as Federal Reserve remittances and revaluation of gold certificates to fund Bitcoin purchases.

Will Bitcoin become the official currency of the US?

There are no plans to make Bitcoin the main means of payment. The main focus of this bill is to make it a strategic reserve assets.

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Reference

News Bitcoin, The Bitcoin Act: US Pushes for 1M BTC Reserve Without Taxpayer Cost, accessed March 13, 2025.

Author: MF