Congressman Nick Begich introduced The BITCOIN Act of 2025 to the House, asserting the U.S. government should acquire 1 million bitcoin for a Strategic Bitcoin Reserve. This bill protects citizens' rights to self-custody their bitcoin. Begich, who has personally held bitcoin for over a decade, emphasizes its importance in reinforcing the financial system amid government spending concerns. His understanding stems from his technology background, where he recognizes bitcoin's potential since investing in it in 2012, showcasing both a political and personal commitment to the cryptocurrency's future in America.
"In an age of undisciplined bureaucracy and reckless spending, it's important for the U.S. government to hold bitcoin, as it will serve as a backstop to our financial system."
"I wanted to understand how Bitcoin worked, because I owned a software development company and spent 20 years in technology as a career before coming to Congress."
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