#The US Bitcoin Bill Will Have a Profound Impact#

The passage of the US Bitcoin Act would have a profound impact on the Bitcoin market, even exceeding the impact of the launch of Bitcoin ETFs. CoinShares believes that the establishment of a Bitcoin reserve bank in the US would accelerate Bitcoin adoption, as it would enhance Bitcoin's credibility as an asset class and alleviate institutional investors' concerns about Bitcoin. The bill requires the US Treasury to purchase 1 million Bitcoins within five years, establishing a "strategic Bitcoin reserve," which would inject massive capital into the Bitcoin market and elevate its position in the global financial system. Some industry executives even believe that the passage of the bill could ultimately push Bitcoin's price above $1 million per coin. Although the bill has not yet been passed into law, its potential impact has already sparked significant market attention and is considered a major milestone in Bitcoin's future development.