💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
U.S. Senator Lummis: BTC is the only way for the U.S. to escape the $36 trillion debt vortex.
[Senator Lummis: BTC is the only way for the US to escape the $36 trillion debt vortex] US Senator Cynthia Lummis gave a speech in Congress, stating that the US has run out of time and traditional options: either default leading to collapse and a vicious Inflation, or leverage Bitcoin and technology to escape the predicament. The "Bitcoin Bill" will be the only solution to America's $36 trillion debt, and the related initiative has already received support from Trump. If the "Bitcoin Bill" is enacted into law, the United States will purchase 200,000 Bitcoins annually for the next five years, thereby creating a reserve of at least 1 million Bitcoins held for at least twenty years. According to VanEck's previous estimates, if the U.S. follows this roadmap, the Bitcoin reserve is expected to offset up to $21 trillion in national debt by 2049.