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A significant catalyst that could propel Bitcoin into its next great rally stage is the anticipated establishment of a Strategic Bitcoin Reserve (SBR) by the U.S. government. This strategic reserve would formalize Bitcoin’s role in federal policy and is expected to attract considerable institutional interest. The process of establishing this reserve requires congressional approval, and there are rising calls for bipartisan support to ensure its validity across administrations.
Senator Cynthia Lummis has expressed strong support for the SBR, indicating that failing to push it through could jeopardize lawmakers’ re-election prospects. The expectation is that once the SBR is legislated, the market will react positively, likely resulting in Bitcoin soaring to between $150,000 and $180,000.