US Considers Strategic Bitcoin Reserve Amid Legislative Push

A proposal by Senator Cynthia Lummis for the US government to acquire 5% of Bitcoin's supply could lead to short-term price volatility, according to crypto analyst Ben Simpson. While Bitcoin dominance is expected to decline, signaling a potential shift to altcoins, the transition may not be straightforward. Despite potential volatility, Bitcoin is likely to remain a key investment for institutions, with analysts suggesting any price dips could be buying opportunities. The ongoing interest in Bitcoin as a store of value continues to grow, with some analysts predicting a bullish market cycle ahead.