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In this context, some have proposed the creation of a Federal Bitcoin Reserve as a way for the U.S. government to hedge against uncertainty, inflation, and risks of all stripes. Unlike gold, Bitcoin is highly liquid and functions as a "liquidity alarm bell" during times of macroeconomic stress, often dumping faster and harder than other major assets but also recovering much more quickly.
Senator Cynthia Lummis has proposed a law to create a federal Bitcoin purchase program, under which the U.S. would buy up to 1 million BTC over the next 5 years. This would bring the government's holdings to more than 1.2 million BTC, or 8% of the total Bitcoin supply (excluding lost coins and Satoshi's wallet).