2024년 미국 비트코인 법안: 미국이 비트코인 초강대국이 될 것인가?

### 미국의 대담한 움직임: 2024년 비트코인 법안
* 🇺🇸 오늘 오후, 미국이 **2024년 비트코인 앱법을 통해 총 공급량의 약 5%에 해당하는 100만 비트코인을 확보**하여 세계의 암호화폐 수도가 되겠다는 계획이 발표되었습니다.
* 💰 현재 미국 정부는 **약 207,000개의 비트코인**을 보유하고 있으며, 주로 실크로드 설립자인 로스 울브리히트의 상당량을 포함하여 범죄 행위로 인해 압수한 비트코인을 보유하고 있습니다.
* 📜 비트코인 법은 재무부 장관이 **"5년 동안 매년 20만 개 이하의 비트코인"**을 구매하도록 규정하고 있으며, 총량은 **최소 "20년" 동안 보유**하도록 규정하고 있습니다.
* 🏦 이 법안은 또한 **매년 연방준비은행의 첫 60억 달러의 수입을 비트코인 구매에 할당**하도록 규정하고 있으며, 현재 금의 시장 가치를 활용하여 금 증서를 비트코인으로 교환하는 아이디어를 도입하고 있습니다.
* 🔍 법안을 발의한 신시아 루미스 상원의원은 이 접근 방식은 **직접 지출이 아닌 기존 금융 자산을 비트코인으로 전환**하는 것이기 때문에 납세자에게 중립적이라고 주장합니다.
* 🌍 이 이니셔티브의 배경에는 **20년간 국가 부채를 50% 줄이고, 브릭스 국가들의 미국 달러화 탈피 움직임에 대응**하여 비트코인을 전략적 준비 자산으로 포지셔닝하는 것이 포함되어 있습니다.
* 📈 전문가들은 **미국이 비트코인 비축을 성공적으로 구축**하면 **토큰당 가격이 50만 달러까지 상승**할 수 있으며, 다른 국가들도 자체 비축을 위해 이를 따라갈 것이라고 전망합니다.
* 🤔 그러나 비트코인의 변동성과 안정적인 자산으로서의 장기적 생존 가능성에 대한 우려는 여전히 남아 있으며, 이러한 전략이 **진정한 혁신인지 아니면 금융 공학을 위한 절박한 시도**인지에 대한 의문이 제기되고 있습니다.

2024년 비트코인 법에 따르면 미국 재무부는 5년 동안 100만 비트코인을 취득하여 최소 20년간 전략적 비축 자산으로 보유해야 합니다.

This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower. Since his electoral victory, Trump's transition team has tapped people championed by the crypto industry to lead various agencies.

This video is brought to you by Aura. The United States of America is planning to buy 1 million Bitcoin. That's around 5% of the total remaining Bitcoin supply. This idea comes in the form of a new bill called the Bitcoin App Act of 2024.

A lot of people out there are wondering, is this really a good idea? And hang on, how did America even get to this point? This all seems a bit out of nowhere, doesn't it? A question that people want to ask is why? Why do this? Will America

become the leader in digital finance, or are we witnessing peak stupidity? In this episode, we'll answer those questions, and we'll see what's in the Bitcoin bill. You are watching Cold Fusion TV. [Music]

Firstly, it might surprise a lot of you to find out that the US government already owns roughly 207,000 Bitcoin. With a price of $100,000 per coin, 207,000 coins is a mammoth amount of locked-up value. The Bitcoin Act, which is actually an acronym for this, mandates that all Bitcoin held by any federal agency must

be transferred to the Treasury to be held in a strategic Bitcoin Reserve. But there is a question here, though. How on Earth does the US government already have so much Bitcoin? Well, it's simple: Bitcoin seizures due to criminal activity. Interestingly, around 144,000 of

The seized Bitcoins were from one guy, Ross Ulbricht, AKA Dread Pirate Roberts. He was the founder of Silk Road, a dark web website that sold narcotics for Bitcoin. A US man was able to hide behind a false identity, operating a sophisticated illegal drug website. The site operated much like eBay.

It allowed users to buy and sell illegal drugs, guns, and even hire hitmen. The FBI spent two years trying to find the man behind the site. In 2013, he was ambushed in a library while he was working on his laptop. Unfortunately for him, he didn't get a chance to turn

off the laptop before being arrested, so the FBI had unencrypted access to all of his coins. They wanted to get that computer while it was open and running as quickly as possible. Uh, I think he initially thought he was being robbed of the computer, uh, but then once

identifications came out, he, uh, he understood what was happening. If you remember my Silk Road episode from a few years back, you know the story. But back to the Bitcoin Act. This Bitcoin bill isn't just about relocating seized Bitcoins; it's a lot more than

that. Here's what the Bitcoin Act is at a glance: it mandates that the Secretary of the Treasury purchase, quote, "not more than 200,000 Bitcoins per year over a 5-year period," for a total acquisition of 1 million Bitcoins. The 1 million Bitcoins

are then to be held by the Treasury for at least 20 years before any selling can take place. There are also other restrictions on sales. The bill also mandates that the first $6 billion of earnings of the Federal Reserve Banks each year has to be used to purchase

Bitcoin for the Strategic Reserve. And next is the most significant part of the bill: exchanging gold reserves for Bitcoin. Well, kind of. In the media, there's a lot of talk about the US Government selling off its gold to buy Bitcoin, an absolutely hairbrained idea. But, as far as I can tell, this isn't

technically true. The government will be selling gold certificates to buy the Bitcoin. So how does that work? Currently, the US government supposedly has a stockpile of about 8,133 metric tons of gold in Fort Knox and other vaults. The thing is, the gold held by the US government is valued at $

42.22 per ounce, or about $11 billion in total. It's been stuck at that value since February 12th, 1973. But today, the market price of gold is around $2,000 per ounce. That's over 70 times higher, for a total of

approximately $775 billion. So, the Treasury will issue new gold certificates, or claims of gold, based on the current market price. They'll exchange those certificates for dollars and use the resulting cash, about $775 billion, to buy up the Bitcoin. So no physical gold is actually being

sold, just the gold certificates. The United States stopped publicly issuing gold certificates officially back in 1934, so reviving the concept is certainly interesting. Senator Cynthia Lummis, who introduced the bill, tells Bloomberg, quote, "We already have financial assets in the form of gold

certificates to convert to Bitcoin, so the effect on the US balance sheet is pretty neutral," end quote. In other words, this is supposedly at no expense to us taxpayers. Okay, so that's the bill. But what's the point of doing all of this? Up next in this episode, we will see.

Why America is doing this, how the nation got to this point, also explore if this is a good idea, and we'll see what happens next. But before we continue, let's hear a quick word from today's sponsor, Aura. Do you know that there's a high chance of

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personal data is exposed. Thank you. Now back to the episode. The way the US government is thinking about this is as follows: Bitcoin's value may be volatile over the short term, but over the long term, its price has always moved in the same direction – up. There's

only a limited supply of Bitcoin out there, and eventually they'll all be mined. If America holds on to an appreciating asset on its balance sheet, the presumed appreciation in value would help reduce the national debt. After all, the government can't print more Bitcoin. The

aim of the bill is to reduce the federal debt by 50% within two decades by using Bitcoin. There's also a geopolitical component. It's a reaction to the BRICS nations trying to get away from the US dollar. Right now, they're

dumping US treasuries for physical gold. According to Fortune, America could use Bitcoin as economic leverage over China and Russia. We don't want China, or anybody else, not just China, but others are embracing it, and we want to be the head because Bitcoin is potentially a

strategic reserve asset for the US government, a crypto reserve. But then last week, we heard Vladimir Putin talking about it. We want to ensure that the US remains the world's global reserve currency, and if Bitcoin can be an adjacency to that and help support that proposition, then, you know, I think

There's a logic to that. Michael Novogratz, head of the crypto investment firm Galaxy Digital, told Bloomberg that if the US does create such a stockpile, the price could rise to half a million dollars per token. His reasoning is that other nations will feel the need to

create their own stockpiles. Fortune Magazine writes, quote, "The game theory dynamics of nation-state adoption would spark a digital gold rush, slowing and even possibly reversing the flight to physical gold. US policymakers could thereby use Bitcoin as a tool of economic statecraft, counterbalancing

China and Russia's attempts to move away from the dollar towards precious metals." And which country's balance sheet would benefit the most in this scenario? The United States, end quote. But in all of this, you can see the conflict of interest here. If someone holds a lot of

Bitcoin, they'd want this to go through so the price can shoot up and they can cash out. But regardless, things seem to be moving ahead. Just as I was writing this, Texas also announced a bill to use Bitcoin as a strategic reserve. The US isn't the first to

seriously look into Bitcoin as a national financial asset. Back in June of 2021, under President Nayib Bukele, El Salvador approved a law to make Bitcoin legal tender alongside the US dollar. To promote Bitcoin adoption amongst the masses, citizens who downloaded the Chivo

Wallet received $30 worth of Bitcoin. By February 2022, a study from Yale reported that 68% of households were aware of the Chivo Wallet, and 78% of those had downloaded it. The country now holds over 6,000 Bitcoins in its reserves. That's...

around 1.6% of the nation's $36 billion GDP. With El Salvador, Russia, and now the US either talking about or integrating Bitcoin into their financial systems, are we seeing the start of something or is this all just hype, seeing that the Bitcoin price is bullish right now? It's

going to be interesting to see how this plays out. So how did the United States get to this point in the first place? Well, the Bitcoin bill was introduced by Senator Cynthia Lummis on July 31st, 2024, and since then it's gathered steam. Cynthia purchased her

first Bitcoin in 2013 after her son-in-law advised her to do so. She became the first US senator to own cryptocurrency. Her enthusiasm for the technology led her to be known as Congress's "crypto queen." But the rabbit hole goes a bit deeper. You see,

during the 2024 election, the crypto industry was the biggest spender of any sector. The industry donated a total of $200 million to both candidates, so it's not a stretch to say that their influence must have had a part to play in the positive reception of Bitcoin

politically. But as for the public, things are a bit different. Platforms such as pump.fun, which is a crypto website where anyone can make their own coin in seconds, has seen viral scams like a little kid rug-pulling $50,000 or the infamous HUT coin. I don't have to tell

you that the crypto industry doesn't have the best reputation right now, as people often conflate crypto scams and rug pulls with Bitcoin itself. So we do have to ask ourselves an important question at this point: What is the function of Bitcoin? Is it a medium of

exchange, or a store of value. It seems like in the past decade or so, the consensus has settled on it being a store of value. Compared to other forms of crypto out there, the transactions are slow, and compared to regular bank transactions, Bitcoin is expensive. So it's not a very good medium of exchange,

but it has acted as a store of value over the long term. In fact, around 70% of Bitcoins have not moved in the last year, so most people are using them as a kind of savings. And to top it off, in early December, Federal Reserve Chair Jay Powell

noted that Bitcoin is not a competitor to the dollar. It's a competitor for gold. People use Bitcoin as a speculative asset, right? It's like gold. It's just like gold, only it's virtual, it's digital. People are not using it as a

form of payment or as a store of value. It's highly volatile. It's not a competitor for the dollar; it's really a competitor for gold. Now, of course, gold has industrial applications and others even outside of that, but I guess just in the strict financial sense,

you can see where it's coming from, as Bitcoin was originally designed to mirror gold. But there's a major, glaring issue here: Bitcoin is still a risk asset. The price could go to zero; anything is possible. So is this a good idea for Bitcoin to be a financial

reserve asset for the largest economy on Earth? It has to stand the test of time. Is 16 years really enough? Jennifer J. Schulp, Director of Financial Regulation Studies at the Cato Institute's Center for Monetary and Financial Alternatives, tells Bloomberg, quote, "It's still"

government money on the line, and Bitcoin has not shown itself to be a particularly stable asset. The bill asks senators and members of Congress, who may not understand crypto that well, to make a much bigger leap of faith in terms of long-term viability. End quote. But let's take a step back.

A lot of you who have been following Bitcoin from the beginning may have some alarm bells going off. Doesn't all of this go against the original tenets of Bitcoin? Bitcoin was a response to the banking system screw-ups and government bailouts of 2008. It was an alternative system

to get away from the traditional banking system. But now the government is using it as an asset. Doesn't this open the door to corruption in the future? They could easily amend the Bitcoin bill and print dollars to buy as much Bitcoin as they need. Could Bitcoin be captured? We

don't know. But as for now, it seems like the US government might be piggybacking off a novel financial asset that's already in use instead of building their own. Now, there are some out there that say that this is the precursor to the CBDC, or Central Bank Digital Currency,

something that the Federal Reserve has been working on for a while. But that's all a story for another day. Now, this next statement is just my personal view as someone who made their first deep dive video into Bitcoin back in 2013. I think the intrinsic value of Bitcoin is

virtually zero. It is just a risk asset as it stands. But that being said, I think the real value of Bitcoin is the network. That's the blockchain, and its cryptographic, distributed nature has proved itself unhackable and a totally trustless system. I'm not talking about

scammers using Bitcoin to commit fraud because scammers also use dollars to commit fraud. I'm talking about the actual value of the underlying technology and the network effect, of course. Because, sure, there's far better crypto tokens out there, but does the average Joe know their name? No, but

everyone knows Bitcoin. So what's next? Once the bill passes the Senate, it's going to need support from the House of Representatives. You could imagine how more lobbying from the crypto industry could help. But, interestingly, there has been some bipartisan support. For example, Democrat

Rana has supported this bill in the past. So is the Bitcoin Act of 2024 likely to fully pass? Well, that's a question for the future, but the betting odds on Polymarket give it a 30% chance. And that's the crux. There's a lot of hurdles with

lawmakers, regulations, public distrust, and opposition to jump over before this is a reality. But with the right amount of lobbying from the crypto industry, it very well could. We'll have to wait and see for both efforts on this, both on the federal level and what's happening

in Texas. So, in conclusion, is this innovation or is this a sign of desperation for America? Instead of rebuilding manufacturing or making the economy more productive, is America taking the easy way out and manufacturing paper wealth creation through financial engineering? Or is this

innovation? A digital currency is the future and America is just being smart by realizing its utility. From where we stand in time today, we can't truly answer that. But one thing is for sure: this is all very fascinating, risky, but fascinating. And that's where we are with

The Bitcoin Act of 2024, with America pledging to buy 1 million Bitcoins. So what do you guys think? Do you think that this is a good idea or not? I'll be interested to hear your thoughts in the comment section below. So, thanks for watching. I hope you

learned a thing or two or enjoyed that. And if you're new to Cold Fusion, feel free to subscribe. There's plenty of interesting stuff on here on science, technology, and business. So, my name is Dagogo, and I'll catch you again soon for the next episode. Cheers, guys. Have a good

one. [Music] [Music] Cold Fusion: It's new thinking.

Why the US Government Plans to Buy 1 Million Bitcoin

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미국 정부는 글로벌 암호화폐 수도가 되는 것을 목표로 100만 비트코인을 확보할 계획입니다.

2024년 비트코인 앱법은 남은 비트코인 공급량의 5%를 매입할 것을 제안합니다.

미국은 이미 207,000개의 비트코인을 보유하고 있으며, 대부분 범죄에 의한 압수물입니다.

상당 부분은 실크로드 설립자 로스 울브리히트에게서 나왔습니다.

이 법은 5년의 인수 계획과 20년의 보유 기간을 의무화하고 있습니다.

이 법은 비트코인 구매 자금으로 실물 금이 아닌 금 증서를 사용할 것을 제안합니다.

정부가 보유한 금은 시장 가격에 비해 현저히 저평가되어 있습니다.

새로운 금 증서는 시장 가치로 발행되며 달러로 교환하여 비트코인을 구매할 수 있습니다.

이 접근 방식은 납세자에게 비용 중립적인 것을 목표로 합니다.

이 법의 근거는 국가 부채를 줄이고 브릭스 국가들이 미국 달러화에서 벗어나려는 움직임에 대응하기 위한 것입니다.

비트코인의 가치 상승은 부채를 상쇄할 것으로 예상됩니다.

이러한 움직임은 브릭스 국가들의 금 축적에 대한 대응으로 보입니다.

비트코인은 금과 마찬가지로 잠재적인 전략적 준비 자산으로 간주됩니다.

비트코인 법안의 진행 상황은 정치적 지지, 업계 로비, 여론의 영향을 받습니다.

저명한 암호화폐 옹호론자인 신시아 루미스 상원의원이 이 법안을 발의했습니다.

암호화폐 업계는 2024년 대선에서 두 후보에게 막대한 기부금을 전달했습니다.

암호화폐에 대한 대중의 인식은 사기와 변동성으로 인해 엇갈리고 있습니다.

비트코인을 준비 자산으로 사용하는 것에 대한 장기적인 실행 가능성과 잠재적 위험에 대한 논의가 진행 중입니다.

비트코인의 변동성과 원래 탈중앙화 원칙에 대한 모순에 대한 우려가 존재합니다.

정부의 조작 및 향후 부패 가능성이 제기되고 있습니다.

비트코인의 가치는 본질적인 가치보다는 네트워크와 블록체인 기술에 있다고 주장합니다.