Like President-elect Donald Trump, Sen. Lummis pushed for a strategic national Bitcoin reserve and more. The proposal from Lummis would implement a BTC buying plan, piling on America’s existing 203,000 Bitcoin stockpile.
Bitcoin (BTC) reached a new all time high of ,020 roughly 48 hours after Donald Trump won the U.S. presidential election, along with the election of several pro-crypto policymakers to Congress. With a market cap of .5 trillion, Bitcoin now ranks as the world’s ninth most valuable asset, surpassing Mark Zuckerberg’s Meta.
BTC ambassadors like Michael Saylor and the larger crypto community predict prices are going higher. Targets of 0,000 by year’s end, and 0,000 by 2025 have mentioned by investors and experts alike.
Policy plans
BTC’s year-to-date growth has exceeded 118% with this recent surge. Over the past 30 days, Bitcoin has increased by nearly 25% as seasonal trends and halving-year data indicated bullish prospects. During the last two election cycles, Bitcoin has reached new highs and has not returned to pre-election levels.
Crypto-focused super PAC Fairshake has raised over million for the 2026 mid-terms. The organization disclosed donations from A16z crypto and Coinbase even before the Associated Press declared voting results.
Bitcoin price
Bitcoin crossed ,000 on Friday, Nov. 8, setting a new all-time high for the second consecutive day.
I think @standwithcrypto did amazing work this election cycle to rate political candidates on crypto issues and apply pressure.
There's still more work to do.
The largest cohort of U.S. politicians is still ranked undecided. pic.twitter.com/EuARsSAZs3
— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) November 7, 2024
Lummis suggested acquiring 1,000,000 BTC over five years, which would cost the U.S. an estimated billion if Bitcoin’s price remained constant over that period.
