REPUBLICAN WYOMING SENATOR CYNTHIA LUMMIS: The Fed should SELL its 1970's-era gold STOCKPILE and BUY bitcoin to establish a crypto RESERVE! {POLL BELOW}

Republican Senator Cynthia Lummis of Wyoming is pushing a plan to sell U.S. Gold Reserves to buy up to one million Bitcoins. At today's market value, her plan means that the U.S. would have to sell $100 BILLION DOLLARS of Gold Reserves to buy one million Bitcoins. In your opinion, is this a good idea?

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HERE IS THE YAHOO FINANCE ARTICLE:

KEYPOINTS:

• Sen. Cynthia Lummis says the Fed should sell some of its gold reserves to buy bitcoin.

• Sen. Lummis believes a bitcoin reserve could strengthen the dollar and help reduce the US debt pile.

• Bitcoin hit a record high on Thursday, nearing the $100,000 milestone.

Republican Senator Cynthia Lummis of Wyoming said in an interview with CNBC on Thursday that the Federal Reserve should sell some of its 1970s-era gold reserves to buy bitcoin.

Lummis, who has been a longtime bitcoin bull and said she owned five bitcoins before putting them in a blind trust, wants the government to build a stockpile of bitcoin and hold it for at least 20 years.

"The proposal that I have and that President Trump has discussed [is] about a strategic bitcoin reserve," Lummis said.

Lummis argued that a government bitcoin stockpile could help the US shore up the dollar as the world's reserve currency and even help it reduce its debt burden.

CONTINUED…

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READ THE ENTIRE YAHOO FINANCE ARTICLE HERE!

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