Arguably the biggest catalyst in the history of Bitcoin could boost the price of the number one cryptocurrency to unimagined heights if the current Strategic Bitcoin Reserve bill is passed.

Bitcoin Act is introduced

On Tuesday, Republican Congressman Nick Begich introduced a bill to the House for the formation of a Strategic Bitcoin Reserve. He was joined in this endeavour by Senator Cynthia Lummis who is sponsoring the bill. 

Included in the bill is a commitment to purchase 200,000 BTC per year over the next 5 years. The bill has the purpose of enabling the US to acquire as much as 5% of the entire Bitcoin supply, which would likely put the US in the driving seat as the number one holder of Bitcoin in the world.

While President Trump has already signed an executive order for the …